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Articles & publications
21.05.2010
The exchange of telecommunications assets between AFK Sistema and the state is half done: Comstar-UTS, which is controlled by AFK Sistema, has signed an agreement to sell a 25% + 1 share stake in Svyazinvest to Rostelecom for RUR 26 bln. The transaction could be closed by the middle of this summer
Paper swap Comstar-UTS has signed an agreement on the sale to Rostelecom of a 25% + 1 share stake in Svyazinvest for RUR 26 bln, according to a statement issued by Comstar Svyazinvest will pay the state dividends amounting to 25% of its net profit, or RUR 87.466 mln, according to a letter forwarded by the general director of the state holding Evgeny Yurchenko to the State Property Management Agency
20.05.2010
Rostelecom is preparing to purchase Comstar-UTS’s 25% + 1 share stake in parent company Svyazinvest. The company has applied to the Federal Anti-Monopoly Service (FAS) for permission to perform this transaction
Rostelecom sends out applications Svyazinvest’s subsidiary VolgaTelecom is prepared to take over one of the largest alternative operators in Tatarstan – Teleset. Yesterday, the Federal Anti-Monopoly Service announced its approval of the transaction The shares of the regional telecommunications companies controlled by Svyazinvest could gain as much as 50% in value once the merger is complete, according to analysts at Rye, Man & Gor Securities. RTO shares are heavily undervalued by the market, whereas Rostelecom is trading nearly at fair value, experts at this brokerage believe Meetings of the board of directors were held at Rostelecom, CenterTelecom, Far East Telecom, Sibirtelecom, VolgaTelecom, NWT, UTK and also Dagsvyzinform which passed resolutions to place on the agenda of annual general shareholders meetings the issue of the reorganization of these companies as a merger with Rostelecom Russia’s largest LD operator Rostelecom has taken an interest in the paid-TV market. As Kommersant learned, the company is conducting negotiations aimed at taking over satellite operator, which provides services under the Eastern Express and Continent brands. By 2015, Rostelecom expects to control 15-20% of the paid TV market, which has an estimated value of $1 bln
14.05.2010
The shares of Rostelecom yesterday emerged among the top outperformers on the MICEX. Investors were upbeat about the terms on which the other subsidiaries of Svyazinvest are to be folded into the operator, according to media reports
Ratios push up share priecs The Board of Directors of Far East Telecom yesterday approved the agenda of the shareholders meeting which is scheduled to be held on June 28. This is the date on which the operator’s shareholders will decide whether to merge the company with Rostelecom as part of the reorganization of Svyazinvest state holding |