Explay would be Fly

Oleg Malis, owner of “Sviaznoy”, sold domestic manufacturer of mobile devices Fly, Explay British.

Instead of a businessman or a mobile retailer can obtain 20-30% Fly. It is expected that the transaction will be closed within the next six months.

According to the representative of “Coherent”, at the moment the company Explay is in the process of restructuring and the departure of the brand from the market was not planned.

According to the “Euroset” for the first 11 months of this year Fly took 6-10% of the Russian market of smartphones. In April, the share Explay was 6%, but then began to gradually decline.

The Parties did not comment on the details of the transaction.