Russian ISP TransTelecom acquires regional provider Electro-Com

TransTelecom (TTK), the Russian Railways majority-owned internet service provider, has acquired Electro-Com, a regional ISP trading under “Spark” brand. The acquisition was part of the company’s developmental strategy that envisages expanding retails businesses in central and southern Russia by 2015.  Following the 100 percent stake acquisition of Electro-Com, TTK will emerge as a market leader in Rostov-on-Don and Ryazan, and will get access in the cities of Taganrog, Volgodonsk, Kaluga, Tula, Krasnodar, Bryansk and Obninsk.

TransTelecom (TTK) (www.ttk.ru)
Founded in 1997, TTK operates the largest fiber-optic network in Russia with a network of 53,000 km that supports 560 Gbps. The company is one of the three leading operators of fixed-line communications and provides 33 percent of long-distance channel leases. It has 27 percent market share in internet backbone services and has another 31 percent market-share in the country’s IP VPN sector. Profit for 2009 was reported at 936 million rubles. Customers include leading Russian public and private companies including the Ministry of Emergency Situations, the Russian Academy of Sciences, Roskosmos, Sberbank, Alfa-Bank, Bank Russkiy Standart, MIA, Regional customs authorities, OKB Sukhoy, KnAAPA, Mezhbiznesbank, Ingosstrakh, Uralsib, Norilskiy Nikel, SUAL, PG MAIR, YevrazRuda, Yevrokhim, Vympelcom, Megafon, MTS, and VGTRK.