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Articles & publications
08.12.2011
The Board of Directors of the Deposit Insurance Agency (DIA) approved the assignment of its 7.4% stake in Rostelecom, which is valued at RUR 50.3 bln by decreasing the asset contribution of the Russian Federation to the state corporation
DIA assigns 7.4% stake in Rostelecom
08.12.2011
Revenue for the first 9 months of 2011 generated by the Svyazinvest Group of companies (not including Sky Link) increased by 3.7% RUR 205.9 bln year-on-year, while EBITDA went up 1.9% to RUR 78.1 bln, and net profit rose 1% to RUR 31.6 bln. Investments amounted to RUR 33.1 bln (+9.9%)
Svyazinvest reports financials RBC Daily has learned some of the details about the build-out of a retail network under the Rostelecom brand. The operator intends to register its subsidiary which engages in this line of business
02.12.2011
State-owned Svyazinvest, which never used to shy away from spending sprees (for example, the purchase of Oracle licenses for a whopping $153 mln), has now decided to reverse this trend. Over the past three quarters the holding has nearly halved its expenses on core activity in year-on-year terms
Svyazinvest focuses on cost-cutting Rostelecom is to create multi-media portal Zabava.ru, Interfax was told by the head of the commercial department of the company’s wireless networks Alexander Ragozin Rostelecom intends in 2013 to begin building a fourth generation (4G) mobile telecommunications network in the Tomsk region in 2013, head of the operator’s Tomsk branch Alexey Makhorin told Interfax Rostelecom intends to take over the fixed line broadband provider Enforta, while the Federal Antimonopoly Service is in no hurry to authorize this deal By the end of 2012, Rostelecom expects to eliminate 10 mobile brands which are currently being used by its regional subsidiaries and branches, and replace them with its own brand. At the same time, the operator has promised to launch a number of 3G and even 4G networks Rostelecom is to purchase mobile operator Sky Link from Svyazinvest for the same amount – RUR 9.4 bln – as Svyazinvest apprised the company a year ago when the operator was bought out from AFK Sistema. In exchange, the holding will receive Rostelecom shares in order to raise the state holding’s stake in the merged operator from 43.4% to 45.4% Rostelecom will stick to its plans to gain a listing on the London Stock Exchange (LSE) before the end of this year, the operator’s CEO Alexander Provotorov told journalists |