11.51 Europe/London, August 3, 2011 By Chris Dziadul
The Russian cable operator Akado has decided to focus its activities on regional expansion.
However, according to AKTR and RBK, it will also not abandon negotiations over its possible sale to a strategic investor.
The first phase of Akado’s strategy will be to strengthen its position in the regions, where it already has a presence in St Petersburg and Yekaterinburg, as well as in neighbouring Belarus.
It will then focus on others cities – Akado is based in Moscow, where its activities are currently concentrated – and may buy new assets there.
Expanding in the regions is expected to cost Akado $20 million (€14.1 million) in the first year alone and may also be accompanied by changes in its senior management.