Russian mobile broadband operator Yota said it has signed a deal with the country’s main network operators that will see "Yota become the 4G network provider for the Russian telecoms market and guarantee the roll-out of its LTE network to cover 180 cities with a total population of more than 70 million citizens by 2014." Yota said the deal will avoid costly duplication of infrastructure investment.
Yota said the agreement will see the country’s major network operators - Beeline, Megafon, MTS and Rostelekom – working with Yota to offer 4G services over its network. The deal provides each of the participants with an option to buy shares in Yota in 2014.
Yota CEO Dennis Sverdlov added: “This deal is an endorsement of our vision for the future of the telecoms industry. We firmly believe in the separation of network ownership and service provision.” source: Yota statement
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