Rostec wants 10% MegaFon stake

Rostec wants 10% MegaFon stake: The state-run conglomerate Rostec yesterday announced plans to accumulate a 10% stake in MegaFon over the next three years as it seeks to increase its presence in the mobile phone sector. “MegaFon is a rapidly growing high-tech company with a growing market capitalization and a significant share of the Russian telecommunications market, which is interesting for Rostec,” a spokesman said. The Moscow Times