National operator Rostelecom could invest $3 billion to $4 billion to develop mobile networks in the next four years as the state-run company seeks a bigger share of the wireless Internet market. National operator Rostelecom could invest...
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Rostelecom Eyes Shares
Rostelecom will use its $500 million share buyback program to buy 3.1 percent of its shares from billionaire Suleiman Kerimov at a 9 percent premium to market prices, Kommersant reported Thursday, citing people close to the company. Kerimov bought the...
Rostelecom Buyback Doubts
NEW YORK — Rostelecom's move to buy back 3.86 percent of the company's own stock will only benefit the selling shareholder and not other minority investors, according to UBS. Rostelecom took an 8.3 billion ruble ($273 million) loan from VTB Group to fund the buyback...
Depository Affecting Rostelecom's Listing
State-controlled telecoms operator Rostelecom might give up its plans to proceed with listing on the London Stock Exchange after a central securities depositary is launched in Russia by 2013. State-controlled telecoms operator Rostelecom might give up its plans...
Kerimov Selling Shares
Suleiman Kerimov is in the process of selling about 6 percent of the common shares in Rostelecom he bought in early November 2011 from former Svyazinvest general director Yevgeny Yurchenko, Interfax reported Monday, citing Vedomosti. There are several potential buyers for the stake, one source said. The potential buyers include Rostelecom...
15,000 Cameras Installed
Rostelecom said it installed the first 15,000 sets of web cameras for the March presidential election following the government's promise to eliminate any possibility of ballot-stuffing. Web cameras are to be installed in 91,400 voting stations, allowing...
Cameras, Laptop Stolen at Polling Station
... security guard. Presidential candidate Vladimir Putin initiated the project to equip thousands of polling sites across Russia with web cameras in response to opposition complaints about falsifications during December's State Duma elections. Last week, Rostelecom announced that 15,000 sets of cameras had been installed so far. A total of 91,400 polling sites will be equipped with cameras, at a cost of up to 30 billion rubles ($1 billion), with the government paying 13 billion rubles and the rest to...
For the Record
RusHydro said Monday that the board of its RAO ES of the East approved the divestment of shares in Far East Distribution Grid to Russia's Federal Grid Company for 19.3 billion rubles ($625 million). (Bloomberg) Rostelecom unit Mobitel said Monday that it approved an 8.3 billion ruble ($265 million), one-year loan from VTB Group at interest of 3.25 percentage points over the three-month MosPrime Rate to finance a share buyback. (Bloomberg)
Mixed Feelings at the Sochi Winter Arts Festival
... cellist Alexander Buzlov, and part of dancer-turned-impresario Andris Liepa's ongoing "tribute" to Sergei Diaghilev titled "Russian Seasons of the 21st Century." The chamber concert was streamed live on the Internet by festival sponsor Rostelecom. From what little I managed to hear, the very impressive assemblage of talent on hand seemed in need of a bit more rehearsal. The Sochi audience seemed at least moderately to enjoy the Liepa-produced productions of Mily Balakirev's "Tamara"...
Election Webcam Installation Begins
... interested to watch voting at any polling station, Shchyogolev said. The sum for the project is almost twice as much as the total amount spent by the elections commission on the State Duma elections. The installation of cameras is being carried out by Rostelecom, the country's national telecommunications provider. The scope of the plan has surprised even the head of the Central Elections Commission, Vladimir Churov, who told reporters early on that he believed that equipping just 10 percent of polling...
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