Moscow-based investment banking firm ESN Group is thought to be in the process of preparing a bid for Vimpelcom’s tower portfolio in its domestic market, in a process which is due to kick off in November, TMT Finance reports. Barclays Capital and Ernst & Young are believed to be advising Vimpelcom on the sale of the assets, which comprise around 7,000 towers across Russia. The outsourcing of mobile towers has yet to be implemented in Russia, and no accurate valuations have been made available.
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