The Russian cable operator ER Telecom is in talks to buy Enforta, one of the country’s leading providers of B2B fixed wireless access.
Quoting unnamed market participants, Kommersant reports that negotiations between the two parties are at an early stage. It also says that the initiator behind a possible transaction could be Baring Vostok Capital Partners, which has stakes in both companies.
ER Telecom, which provides broadband and pay-TV services under the brand name Dom.ru in 56 cities throughout Russia, aims to double the size of its business in the next five years. It also plans an IPO aimed at raising $500 million for the company.
Meanwhile, Enforta provides wireless internet access in 442 locations in 69 regions throughout Russia.
Buying Enforta could cost ER Telecom in the region of $87.5 million at current exchange rates.