13.08.2013 09:14:00
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MegaFon OJSC -- Moody's: Acquisition of Scartel/Yota is credit neutral for MegaFon
London, 13 August 2013 -- Moody's Investors Service has today said that it views as credit neutral for MegaFon OJSC (Baa3 negative) the company's potential acquisition of Scartel/Yota, which is the owner of 2x30 megahertz (MHz) nationwide 4G/LTE spectrum in the 2.5-2.6 gigahertz (GHz) frequency band and a network covering 27% of the Russian population. Scartel/Yota is 99% owned by Garsdale group, which also controls 50% plus 100 shares in MegaFon.