BRIEF-Russia’s MTS buys Multiregion for $123.5 mln

MOSCOW, July 16 (BestGrowthStock) – MTS (MBT.N: )(MTSI.MM: ):
* Russia’s biggest mobile phone operator says it has acquired a
100 percent stake in Multiregion, one of the leading groups of
broadband and cable TV providers in the Russian regions, from
Cavolo Trading Limited (Cyprus)
* Says the purchase price amounts to $123.5 million
* Says to assume Multiregion’s debts totalling roughly $94.4
million
* Multiregion’s financial results will be consolidated in MTS’
financial statements beginning from July 16, 2010.

BRIEF-Russia’s MTS buys Multiregion for $123.5 mln