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Articles & publicationsThe reorganization of Svyazinvest is now likely to move forward without a hitch. The state holding has managed to convince the minority shareholders of all regional telecom operators that it is advisable to support the merger with Rostelecom The buyback of Svyazinvest’s subsidiary shares for its option program could be completed within a month, the general director of the holding Evgeny Yurchenko announced on the sidelines of the International Economic Forum in Saint Petersburg on Thursday Svyazinvest will sign by August 2 an agreement with AFK Sistema on the buyback of a stake in Sky Link. This news was announced today by the general director of Svyazinvest, Evgeny Yurchenko By the end of June Svyazinvest is to buy back from VEB a 10% stake owned by the state corporation. This news was announced today by the general director of the state holding Evgeny Yurchenko to an ITAR-TASS correspondent on the sidelines of the Saint Petersburg International Forum
17.06.2010
Rostelecom expects to launch an initial primary offering (IPO) after 2011. This news was announced today by the general director of Svyazinvest, Evgeny Yurchenko
Rostelecom expects to go public after 2011 Part of the state’s equity stake which is formed as a result of the consolidation of the assets of Svyazinvest in a merger with Rostelecom could be launched into free float on the stock market, the general director of Svyazinvest Evgeny Yurchenko said on the sidelines of the International Economic Forum in Saint Petersburg Despite the changes which are expected to take place in the capital of regional telecommunications operators after merging with Rostelecom, the number of independent appointees on RTO boards of directors, will likely not be decreased. As RBC Daily learned, Svyazinvest has decided to retain these positions on the boards of its own subsidiaries, until such time as they receive their own status as branches Equity stakes in five telecommunications companies, including Central Telegraph 929%), Bashinformsvyaz (28.24%), and Ingushelektrosvyaz (100%), previously owned by the State Federal Property Management Agency are to be assigned to Svyazinvest. The Russian Prime Minister Vladimir Putin has already instructed the Telecommunications Ministry and the Ministry of Economic Development to prepare the required documents. After this, Svyazinvest itself will be folded into the merged Rostelecom The Russian Telecommunications Minister Igor Schegolev recently reported to Prime Minister Vladimir Putin on the results of the operations of Svyazinvest telecommunications holding North-West Telecom plans before September 2 to complete a buyback of its shares from shareholders as part of the merger with Rostelecom, the deputy general secretary for corporate relations of NWT Ella Tomilina said during an Internet conference |