Aspring Сapital News

Aspring Capital advised Service-Telecom on its acquisition of Veon’s Russian tower assets for USD 970 million

December 1, 2021, Moscow – Aspring Capital acted as the exclusive financial advisor to Service-Telecom on its acquisition of Veon’s Russian tower assets for USD 970 million. 

Service-Telecom, the leading independent operator of telecommunication towers in Russia, has acquired National Tower Company, a subsidiary of VEON, which operates a portfolio of approximately 15,400 mobile network towers across the country. This is the first-ever acquisition of a mobile operator's tower assets on the Russian telecom market.  

Under the terms of the deal, VimpelCom and Service-Telecom have entered into a long-term master agreement regarding the provision of tower infrastructure services. Both parties will additionally enter into a new build-to-suit program comprising of up to 5,000 sites by 2029.

"We are very pleased to win in a highly competitive process and organize a unique and large-scale transaction for the Russian market," - said Sergey Airapetov, Partner at Aspring Capital.

Link to the official press release
Get more on the story in Bloomberg and RBC publications

Transaction Team
Sergey Airapetov, Partner
Alexey Kuprianov, Vice-President.