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MTS acquires Russia wireless firm ReCom

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Published: Dec. 30, 2005 at 1:32 PM
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MOSCOW, Dec. 30 (UPI) -- Russia's largest wireless phone operator continued its consolidation program Friday by acquiring the remaining stake in ReCom.

Mobile TeleSystems said it paid $110 million for an additional 46 percent of ReCom, a mobile GSM-900/1800 operator based in central Russia. MTS now owns 100 percent of ReCom and its subscriber base of 2.7 million.

MTS and its stable of subsidiaries now have a subscriber base of more than 54 million in Russia and surrounding republics.

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