Antitrust to make MegaFon sell stores if gets half mkt with Svyaznoy
MOSCOW, Mar 29 (PRIME) -- Russian big mobile operator MegaFon will have to sell some of its stores after the acquisition of retailer Svyaznoy if a joint share on the market exceeds 50%, head of the Federal Antimonopoly Service Igor Artemyev told reporters on Thursday.
УWeТve found such a configuration that nobody ever has more than a half. The law bans more than half. They wonТt get it. If they buy anything and we calculate the market share in all regions, and it is 50%, weТll demand a sale of these stores to competitors,Ф Artemyev said.
A common market share that raises no concerns is 30%, the official said.
The service said on Monday that MegaFon had applied for a permit to acquire Svyaznoy. Consideration of the case was postponed until May 21.