Support The Moscow Times!

NTK Co-Founder Leaving

With Rostelecom now holding 100 percent ownership of National Telecommunications, the general director of that Moscow broadband operator is heading to the exit, Kommersant reported.

Sergei Kalugin, a leading entrepreneur in the Russian telecoms market, will leave the company that he co-founded in the near future, the newspaper reported Thursday.

"I had planned a long time ago to take up my own business projects," Kalugin said. Kommersant quoted an anonymous source as saying Kalugin "had an agreement with Rostelecom's management to hand over the books in 2011, and he fulfilled it." Rostelecom will make a decision on a new NTK director, a NTK spokeswoman said.

(MT)

Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.