17.12.2013 12:28:00
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MegaFon OJSC -- Moody's: Rostelecom and Tele2 Russia joint venture is credit neutral for Russian "big three" mobile operators
London, 17 December 2013 -- Moody's Investors Service has today said that the establishment of a joint venture between Rostelecom OJSC (unrated) and Tele2 Russia (unrated) is credit neutral for the Russian "big three" mobile operators (Mobile TeleSystems OJSC, or MTS (Ba2 positive), MegaFon OJSC (Baa3 negative) and Vimpel-Communications OJSC (Ba3 stable)) because it is unlikely to immediately challenge their competitive positions or put material pressure on their margins.