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Rostelecom Profit Falls 70%

Rostelecom said Monday that 2009 profit fell 70 percent on lower revenue from fixed-line services.

Net income dropped to 3.67 billion rubles ($119 million) from 12.2 billion rubles in 2008, the fixed-line operator said. Revenue declined 1.7 percent to 65.5 billion rubles.

(Bloomberg)


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