PRESS: MTS said in talks to buy e-cinema ivi for 20 bln rbl - Telecommunications - 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

PRESS: MTS said in talks to buy e-cinema ivi for 20 bln rbl

MOSCOW, Apr 9 (PRIME) -- Major Russian mobile operator MTS has started negotiations on the purcase of 100% of ivi, a leading local online cinema, for some 20 billion rubles, business daily RBC reported on Tuesday quoting sources.

An ivi shareholder confirmed the information, but said that Уnot all shareholders are ready to sell the company at the mentioned price.Ф

ivi was launched in February 2010 by Oleg Tumanov. Owner of OOO Ivi is Cyprus-registered Ivi.ru Media Ltd., whose main holder is a unit of investment company ru-Net, which has a 22.7% common stake. Baring Vostok owns a large stake of preferred shares.

Leonid Boguslavsky, chairman of the board of directors of ru-Net, said that different investors show interest to ivi, but Уthere are no advanced talks with anybody at the moment.Ф

iviТs revenue increased 62% in 2018 to 3.94 billion rubles, as calculated under International Financial Reporting Standards (IFRS).

TMT Consulting analyst Yelena Krylova said the countryТs online cinema market widened 45% in 2018 to 11 billion rubles. In money terms, ivi expanded its market share by 4 percentage points to 36% and remained the leader. The share of the second largest online cinema Okko, a part of Rambler Group, was at 19% as of the end of 2018.

(65.3498 rubles Ц U.S. $1)

End

09.04.2019 11:22
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 71.9232 -0.3208 20 apr
USD 63.9602 -0.1086 20 apr
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1260.82 -0.12 18:50 19 apr
micex 2563.90 +0.12 18:50 19 apr
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 162.57 +0.48 18:49 19 apr
lkoh 5602.00 -0.14 18:48 19 apr
rosn 432.00 -0.84 18:49 19 apr
sber 232.60 -0.08 18:49 19 apr
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 71.9125 -0.2875 14:59 19 apr
USDTD 64.0125 +0.0400 17:44 19 apr