Antitrust to make MegaFon sell stores if gets half mkt with Svyaznoy - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

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.

End

29.03.2018 17:44
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 74.9022 -0.6336 17 nov
USD 65.9931 -0.6228 17 nov
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1134.93 +0.34 18:50 16 nov
micex 2372.67 -0.37 18:50 16 nov
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 153.16 -0.64 18:49 16 nov
lkoh 4824.00 -0.62 18:49 16 nov
rosn 420.85 -0.80 18:49 16 nov
sber 199.26 -0.44 18:49 16 nov
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 74.9025 -0.2975 14:59 16 nov
USDTD 65.7225 -0.8775 17:44 16 nov