Russian telecoms giant Rostelecom is planning to sell a 12% stake to banking group VTB for up to RUB35 billion (USD995 million) to help to pay for a share buyback, business daily Kommersant has reported. State-controlled Rostelecom is planning a share buyback from those shareholders who will not support a spin-off of its mobile assets into RT-Mobile, a proposed joint venture with Tele2 Russia. VTB acquired Tele2 Russia from Sweden’s Tele2 last year, and is well-placed to free up funds for its new partner.
Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.
Have feedback, corrections, or story ideas? Send them to email@example.com.
Browse Past Issues
Filter CommsUpdate by the following categories or use the search.
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors