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Articles & publications
12.07.2010
Svyazinvest is looking to acquire 100% of the shares of a large St. Petersburg and Leningrad region-based fixed-line telecommunications operator Severen Telecom. As reported to Kommersant, a subsidiary of the state holding North-West Telecom (NWT) has filed the respective application with the Federal Antimonopoly Service (FAS). The amount of the transaction could reach up to $40 mln.
Svyazinvest eyes Severen: holding’s subsidiary to take over St. Petersburg telecom operator
06.07.2010
VEB could request Svyazinvest to buy back its 9.8% stake in Rostelecom to Svyazinvest from June 25 2013 until June 24, 2014 for RUR 230 per share with a 7.7% interest rate from the date on which a shareholders agreement is stipulated between the two companies. Svyazinvest has no plans to buy back a 29.9% stake in Rostelecom held by Deposit Insurance Agency (DIA).
Svyazinvest signs off on options agreement, subject to approval by VEB steering committee
06.07.2010
The State Federal Property Management Agency (Roscomimushestvo) has called off tenders to sell a 21.78% stake in Central Telegraph on the back of a decision to turn over the state’s stake in the company to Svyazinvest holding. The agency appraised the minimal value of CT’s assets at RUR 902 mln, a figure not including the building owned by the operator, which could be sold for more than $380 mln once its refurbishing is complete.
Svyazinvest targets Central Telegraph
05.07.2010
A reshuffle could be in the offing at the board of directors of Svyazinvest, the first time in 10 year. In place of the former telecom minister and currently presidential advisor Leonid Reiman, the current head of the telecommunications ministry Igor Schegolev, could get the nod.
Schegolev to replace Reiman again
02.07.2010
The Deposit Insurance Agency (DIA) is concerned about the fate of its 29.99% equity stake in Rostelecom, which Svyazinvest is prepared to buy back no sooner than in nine years. And the agency has requested the RF Finance Ministry to intervene in the negotiations
Nine years for buyback Yesterday, the last of the seven RTOs – Far East Telecom – passed a resolution to merge with Rostelecom. All in all, 85.05% of the votes cast were in favor of the reorganization, while 73.74% of those holding voting shares (common and preferred) attended the meeting, the company said in a statement. Now, when the shareholders of seven RTOs and Rostelecom have voiced their support for the merger, the reorganization is essentially a done deal, and the process cannot be undone, as the head of the Information Department of Svyazinvest Igor Pshenichnikov pointed out. The reorganization process of state-owned telecommunications holding Svyazinvest, with Rostelecom as the key asset and consolidation hub, is approaching the finish line. As the press service of Svyazinvest announced today to ITAR-TASS, the reorganization process of the holding has reached “the point of no return”, as the shareholders of all seven of the holding’s regional telecommunications operators (RTOs) have voted to merge with Rostelecom.
28.06.2010
Rostelecom’s shareholders approved the merger with the regional telecommunications operators of Svyazinvest within the framework of the reorganization of the state holding. A total of 97% of the company’s shareholders at the general shareholders meeting held today voted for this reorganization plan.
Shareholders of Rostelecom approve the merger with Svyazinvest’s regional telecom operators The annual meeting of CenterTelecom took place on June 25. All in all, 84.62% of the company’s shareholders voted on the merger issue, of which 99.11% cast favorable votes. Earlier, the shareholders of Sibirtelecom, Southern Telecommunications Company, North-West Telecom, VolgaTelecom and Uralsvyazinform voted for the merger with Rostelecom. The annual meeting of Dagsvyazinform, which also had the merger issue on the agenda, was called off because a quorum was not reached and the meeting was rescheduled (see ComNews article dated June 21, 2010).
25.06.2010
The shareholders of CenterTelecom (RTS: ESMO) at an annual general shareholders meeting on Friday passed a resolution to pay out 2009 dividends equal to RUR 0.4808448 per common and RUR 0.9617069 per preferred share, a correspondent of Interfax wired from the meeting.
Center Telecom boost 2009 dividends 96% |