Trivon Group, which operates Virgin Connect in Russia, has acquired MediaSeti, wireless broadband telecom operator of UnitLine network in Russia, from the telecom group Effortel, reported Vedomosti.ru. According the newspaper, the deal is valued at about 250 million Rubles ($8 million).
UnitLine provides WiMAX services to corporate customers in ten regions of Russia. Its annual revenues are estimated at about $3 million.
Founded in 2004, Trivon raised funding from Virgin Group of Richard Branson in 2008. The company offers wireless broadband internet access services to residential and SME customers in 36 regions of Russia. The Russian wireless broadband market was valued at $200 million in 2008.