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18.07.2011
SMARTS piecemeal
Rostelecom has resumed negotiations over taking control over two assets in Volga-based SMARTS holding

National Telecommunications (NTC) Group of companies, which is controlled by Rostelecom, raised net profit nine-fold up to RUR 2.6 bln in 2010. NTC has only 4% of the Moscow Internet access market, lagging behind its closest rival Qwerty (Central Telegraph, owned by Svyazinvest, but intends to overtake its competitor as early as this year

Rostelecom has forwarded an offer to the Federal Financial Markets Service (FFMS) to buy out 570,645,000 shares from telecommunications and paid television operator Bashinformsvyaz

The investment program of Rostelecom-Ural will amount to RUR 8 bln in 2011, vice president of Rostelecom and head of the Ural macro-branch of the merged operator said at a briefing on Thursday as part of the Urals international exhibition and forum for industry and innovations Innoprom-2001

Rostelecom intends to complete the formation of the base components for its national cloud computing platform for the Electronic Government by 2011

Rostelecom will pay over $50 mln to SmartLabs, which is in the process of working out and implementing a unified platform for a federal IPTV project to be carried out by the operator

All households in the Central Federal District will have access to broadband Internet access and WiFi. The government has placed the respective projects of Rostelecom on its list of priorities

Rostelecom and Central Telegraph are discussing ways to run joint broadband Internet projects. The options under consideration include joint line leasing, and also by Rostelecom buying up the Qwerty project

At the annual shareholders meeting of Svyazinvest a resolution was passed to more than double the company’s equity by more than RUR 2 bln, which is equal to 75% of net profit over the last financial year. The holding’s share capital exceeds RUR 3.27 bln. Svyazinvest has still not decided where to invest these funds

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