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Rostelecom is considering whether to use some of its treasury shares for a management options program, the operator’s president Alexander Provotorov told reporters

The board of directors of Rostelecom is scheduled to discuss on May 13 the issue of the Company’s participation in the Russian consortium Union of LTE Operators

RF Telecommunications Minister Igor Schegolev has proposed offering his seat on the board of directors to Prince Alexander Trubetskoy, a citizen of France.

Svyazinvest’s stake in the merged Rostelecom after the reorganization has dropped from 50.67% to 43.37%, while the equity position of Deposit Insurance Agency (DIA), which is a nominal stakeholder, and Vnesheconombank (VEB) has decreased from 30% to 7.43%

The equity position of voting shares owned by state corporation Vnesheconombank as a result of the reorganization of the company has decreased to 7.43% from 30%, while the stake of Svyazinvest holding has dropped from 50.67% to 43.37

The shares of the merged Rostelecom have been authorized for trading on RTS. But the current market capitalization - $16.36 – is not yet definitive, analysts believe

The Ministry of Economic Development plans in the second half of 2011 to contribute to Svyazinvest the state’s stakes in five telecommunications operators: Bashinformsvyaz (28.24%), Moscow Long-Distance Telephone Exchange No. 9 (MMTS No. 9) (38%), Central Telegraph (21.78%), Chukotkasvyazinform (75%) and Ingushelektrosvyaz (100%)

The capitalization of Rostelecom stood at $1.64 bln at the end of the first day of trading of its new shares on RTS

Rostelecom has reached a deal on forming a consortium with three foreign national operators – British Cable & Wireless, Iranian Telecommunications Infrastructure Company (TIC) and Oman-based Omantel

The company hereby announces having filed an application to the Federal Financial Market Service (FFMS) for permission to float 25% of its shares abroad

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