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Articles & publications
16.09.2011
Within the next few days, Rostelecom will submit an application to the financial regulatory authority of the United Kingdom in order to obtain a listing on the London Stock Exchange (LSE) the company’s CEO Alexander Provotorov told journalists
Rostelecom gears up for LSE listing
16.09.2011
Rostelecom’s blocking stake in Svyazinvest has gained nearly 80% in value over the past year, from RUR 26 bln to RUR 46 bln. If Rostelecom sells it to VEB, the proceeds could be used to pay out dividends
Dividends in exchange for buyback Rostelecom was chosen to be the operator of the “Electronic Government”, since it possesses the most extensive network and it will not have to invest in the development of its network development, said telecommunications minister Igor Schegolev said in his speech to State Duma deputies on Wednesday
Rostelecom has proposed expanding the list of telecommunications services the losses from which are refunded from the universal service fund. Universal services should include Internet access through information terminals The board of directors of Svyazinvest has approved the list of candidates put forward for election to the new lineup of the board at an extraordinary general meeting of shareholders which was scheduled for September 22, 2011, the company said in a statement Rostelecom was included in the MSCI Russia index as of September 1. This makes trading in the operator’s shares more attractive in the mid-term outlook. Another driver for share prices is the expected privatization of the company Former general director of telecommunications holding Svyazinvest claims that he did not sell his stake in Rostelecom to Gazprombank
23.08.2011
Gazprombank has raised its stake in Rostelecom from 6.5% to 8.4% of the operator’s common shares. These shares may have belonged to Evgeny Yurchenko, whose equity stake went down by roughly the same amount
2% stake changes hands
19.08.2011
The state has decided to write off the debts which Deposit Insurance Agency incurred from the buyback of Rostelecom shares during the financial rehabilitation process of KIT Finance. This amount stood at RUR 17 bln as of yesterday
State saddled with losses |