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The former general directors of Svyazinvest’s regional telecommunications operators (RTOs) are preparing for re-evaluation at Rostelecom

The shareholders of National Telecommunications (NTC), one of Russia’s largest cable TV operators, have re-elected the board of directors, expanding its lineup to 13 members, up from the earlier 10; most seats are to be assigned to Rostelecom appointees, which in February purchased 71.8% of NTC

Shares of the merged Rostelecom could draw some investors away from MTS securities after the former’s securities are listed on the MSCI Russia index

Yesterday, the completion of the legal aspects of the reorganization of state holding Svyazinvest on the basis of Rostelecom, was announced. The new operator, whose users number over 100 mln, is 53.2% owned by the state. Svyazinvest holding company will remain the holder of a 43.37% stake in the company. In this interview, Svyazinvest general director Vadim Semenov tells RBC Daily correspondent Elizaveta Sergina about the challenge facing the holding’s management

The investment program of the Siberian macro-regional branch of the merged Rostelecom will amount to RUR 11.18 bln in 2011, the company said in a statement

The investment program of the Volga macro-regional branch of Rostelecom will amount to RUR 6.5 bln in 2011, the vice-president of Rostelecom and head of the Volga macro-regional branch Vladimir Rybakin said at a press conference on Tuesday

The Volga macro-regional branch of Rostelecom expects in 2011 to generate net profit equal to RUR 6.2 bln, head of the Volga macro-regional branch Vladimir Rybakin said at a press conference on Tuesday

The Utel trade mark, under which Uralsvyazinform operates, will not be taken off the market at least until 2012, the commercial head of the Urals macro-regional branch of Rostelecom Ilya Vasketsov said at a press conference in Yekaterinburg on Tuesday

The capital expenditure of Rostelecom will remain at the level of about 20% of revenue per year over the next 4-5 years, the company’s president Alexander Provotorov told journalists on Tuesday

The merged Rostelecom has not yet formulated its proposals for the company’s dividend policy and intends to discuss this issue with the market. However, it may now be assumed that the dividend yield will not be very high due the company’s capital-intensive investment program

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