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.

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