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Russia’s Akado switches two Moscow subsidiaries to single brand

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MOSCOW, Jul 5 (PRIME) -- Russian broadband and cable TV operator Akado has switched its Moscow-based subsidiaries Akado-Stolitsa and COMCOR to the single brand Akado Telecom, Akado said in a statement on Thursday.

COMCOR was operating under the Akado Telecom brand, while Akado-Stolitsa previously operated under the Akado brand.

The switch to a single brand is considered to be the next stage of consolidation of Akado’s businesses, the company said. Under a marketing development strategy, Akado’s regional assets will also be consolidated into a single brand.

In March, the Federal Antimonopoly Service cleared COMCOR to acquire the rights to act as the sole executive body of Akado-Stolitsa.

Viktor Koresh, president of Akado and general director of COMCOR, told PRIME then that the shareholders of the Akado group of companies are considering improvements to the group’s corporate management.

Along with its core assets Akado-Stolitsa and COMCOR, Akado corporate group comprises Internet providers and cable TV operators in the cities of St. Petersburg, Yekaterinburg, and the Belarusian capital of Minsk.

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