Renova Media will build a multi-service network in St. Petersburg

Published on February 06, 2007

Renova Media will build a multi-service network in St. Petersburg

    This year , Renova Media plans to begin in St. Petersburg the creation of a multiservice broadband network with a coverage of 1.5 million subscribers. According to Kommersant , the company most likely will not buy the capacities of local players, but will build its own infrastructure. It’s cheaper because regional operators are overrated today, says Renova-Media President Yuri Pripachkin.

    The company does not report on the volume of its investments in the St. Petersburg project, but it is known that their total volume in the telecommunications sector will be about $ 300 million this year.