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Articles & publications
06.07.2011
For the first time in many years, the market share of Svyazinvest’s companies did not decrease, but rose, albeit by a mere 0.6 percentage points, reaching 20.9% in 2010
Svyazinvest’s market share finally edges up The Board of Directors of Central Telegraph has extended the powers of general director Igor Zabolotny, the company told Interfax in a statement
04.07.2011
Rostelecom expects by the end of the year to sign the documents which are required to buy out a 28.2% stake in National Telecommunications (NTC)
Rostelecom gives notice to minorities
01.07.2011
The state’s stake in Central Telegraph, which is to be assigned to Svyazinvest, has been appraised at RUR 2.55 – 2.65 bln
State stake in Central Telegraph to be assigned to Svyazinvest appraised at RUR 2.6-2.7 bln The shareholders of Svyazinvest elected a new lineup of the board of directors at its annual general meeting on June 30 The governmental directive for voting with the state’s stake in Svyazinvest at the company’s annual general meeting of shareholders has been signed, head of the telecommunications ministry Igor Schegolev told journalists
28.06.2011
Telecommunications minister Igor Schegolev has for the first time been appointed to the board of directors of Rostelecom. At yesterday’s shareholders’ meeting he withdrew his candidacy in keeping with a request from RF President Dmitry Medvedev, although some minority shareholders, for example, Evgeny Yurchenko, still voted for him
Appointed against his will Rostelecom, which has just a 5% share of the Moscow broadband Internet access (BIA) market, has unexpectedly become a leader by the number of connections. Admittedly, the Moscow market is already so saturated that without acquisitions it will only be possible to grow by enticing away the subscribers of other operators The relevant agencies and organizations have approved in principle the plan put forward by the Telecommunications Ministry to merge Rostelecom and Svyazinvest. At the same time, they and the Telecommunications Ministry recommended the government ahead of the merger to assign to the state represented by the State Property Management Agency the 7.4% stake of voting shares which is currently held by DIA. In addition, before the merger process, Rostelecom’s 25% plus one share stake in Svyazinvest should be divested. According to the agencies, this is necessary to guarantee state control over the merged company
24.06.2011
Today, the board of directors of Rostelecom is to discuss an offer to purchase a stake in Bashinformsvyaz, a source at Rostelecom and a member of its board told Vedomosti
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