02 March 2006

Komstar Watch - Update

This piece from Vedomosti, the WSJ, FT and Independent Media JV, on Komstar's failure to disclose all known risks (Russian only.)

In essence Comstar,through MGTS, controls more than 25% of the fixed-line business in Moscow. Actually pretty close to 100% of the Moscow retail market, which is not unlike having your mother-in-law visiting. So Gossvyaznadzor, the regulator, has said that its prices should be regulated.

Which somewhat blow's a hole in the investment bankers theory that Comstar is well placed to benefit from de-regulation.

No comments:

02 March 2006

Komstar Watch - Update

This piece from Vedomosti, the WSJ, FT and Independent Media JV, on Komstar's failure to disclose all known risks (Russian only.)

In essence Comstar,through MGTS, controls more than 25% of the fixed-line business in Moscow. Actually pretty close to 100% of the Moscow retail market, which is not unlike having your mother-in-law visiting. So Gossvyaznadzor, the regulator, has said that its prices should be regulated.

Which somewhat blow's a hole in the investment bankers theory that Comstar is well placed to benefit from de-regulation.

No comments: