Russian ER Telecom acquires Avantel for undisclosed sum

Russian provider ER Telecom, acquired on Tuesday 100 percent of the united group of companies, Avantel, a telecom operator in the Russian B2B market. 

ER Telecom failed to reveal the financial details of the agreement, but announced in a statement that the deal will enhance its positions in the segment of services for business and government customers.  

Additionally, ER will be able to benefit from Avantel’s various markets in Moscow, Novosibirsk, Tomsk, Barnaul, Nizhnevartovsk, Nefteyugansk, Yuzhno-Sakhalinsk, Samara and St. Petersburg. 

“The deal is of strategic importance to us. It contributes to the consolidation of the market, allows us to strengthen our positions in the capital, the Volga region, Siberia and the Far East,” said Andrey Kuzyaev, president of ER Telecom in a statement.  

The company spokesperson pointed that this contract would support ER’s plan to expand into new regions, including the Khanty-Mansiysk Autonomous district. 

In terms of services, the acquisition will support ER Telecom’s customer service quality, and expand its internet access, VPN, and telephony services. 

As for the merging procedure, Kuzyaev assured that Avantel’s integration will be gradual and seamless. “No inconveniences and restrictions for current and future subscribers are expected,” he added. 

The company representative vowed to preserve the best practices and experience accumulated by both companies, offering existing and potential customers a new level of innovative services. 

It is worth noting that, Avantel have around 12,000 clients of diverse firms including banks, publishing houses, medical centers, and other enterprises of large, medium, and small businesses.