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Articles & publications
03.11.2011
Rostelecom’s RAS net profit for the first nine months of 2011 amounted to RUR 23.3 bln
Rostelecom The Federal Antimonopoly Service (FAS) has approved an application by Rostelecom and authorized the operator to take over two telecommunications operators – Luchshe.net (Kursk) and Sibsvyaz Novokuznetsk Former general director of Svyazinvest Evgeny Yurchenko is in talks to sell his equity position in Rostelecom. The most likely contender is Suleiman Kerimov Head of the Telecommunications Ministry Igor Schegolev has forwarded a proposal to the Chairman of the Government Committee for Transportation and Communications Sergey Ivanov on future steps for the reorganization of Svyazinvest Rostelecom has reached an agreement to acquire Kursk-based operator Luchshe.net, a provider of Internet access services. The deal has essentially been wrapped up and has been submitted for approval at the next board of directors meeting of Rostelecom State operator Rostelecom is expected to confirm its policy of in-house dividend payouts by the end of the year. The company does not rule out that the size of dividends could be raised. Shareholders in this case could expect to receive up to 50% of the company’s net profit Rostelecom is exploring the possibility of acquiring telecom assets in the CIS. This news was announced today to journalists by Rostelecom CEO Alexander Provotorov within the framework of the global exhibition Telecom-2011 held in Geneva A preliminary estimate of the Moscow business of the broadband Internet access (Qwerty brand) of Central Telegraph under preparations for a deal to sell Qwerty to Rostelecom puts the value of this business in the range of RUR 1.2-1.5 bln, a source aware of progress in the negotiations told journalists National telecommunications operator Rostelecom intends to continue taking over local operators and will examine certain transactions on the CIS market. This news was announced today to journalists by Rostelecom CEO Alexander Provotorov within the framework of the global exhibition Telecom-2011 Rostelecom has not yet determined the exact amount that could be allocated to buy back its own shares, and has not decided which type of securities would be purchased, Rostelecom CEO told journalists on the sidelines of the ITU Telecom World exhibition in Geneva |