Latest AKADO Telecom News
Jun 3, 2020
June 3, 2020 10.40 Europe/London AVK Investments has acquired a majority (51%) stake in Akado Holding, whose interests include the Russian cable operator Komkor (Akado Telecom). According to ComNews , the stake was sold by Viktor Vekselberg’s Renova Holding, which will retain a 49% share in Akado. It adds that AVK Investments is solely owned by Maxim Mayorets, who up until 2018 was the M&A director at Renova. His other interests include an 80% stake in MTV Networks East, which is represented by the Russian company Viacom through Legacy Media. Although no financial details of the transaction have been disclosed, it is believed to be in the region of R10-20 billion (€130-260 million).