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.
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