SCM Acquires 91% Of Farlep Invest.

According to the SCM pres-service, the company has purchased 91% of the telecommunication holding Farlep Invest. The value of the deal has not been announced. Concorde Capital: The estimated value of the deal is USD 20 mln. SCM has increased the share of telecommunications in its business activities, it now controls the fixed line operator Farlep and 49% of the cellular operator Astelit. It looks like SCM has decided to diversify its business which used to be based on metallurgy, coal and utilities.