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Article: Nextra moves into Russian Internet market with take-over of leading ISP, Elvis Telecom; Pan-European CSP extends its reach, with the purchase of Russian ISP.
- Article from:
- M2 Presswire
- Article date:
- October 3, 2000
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M2 PRESSWIRE-3 October 2000-Nextra: Nextra moves into Russian Internet market with take-over of leading ISP, Elvis Telecom; Pan-European CSP extends its reach, with the purchase of Russian ISP (C)1994-2000 M2 COMMUNICATIONS LTD
RDATE:03102000
Nextra, the pan-European communications service provider (CSP), today announced the purchase of the majority share of the Russian ISP, Elvis Telecom, from VimpelCom and its founders. This purchase is the latest in a series of similar purchases of ISPs throughout Europe by Nextra.
The agreement will give Nextra a 51% share in Moscow-based Elvis, while Elvis parent, VimpelCom, will continue to own the ...