The Board of Directors “Rostelecom”, held in the past Monday, approved the basic directions of strategic development operator in the period 2008-2012 years As it became known ” ‘”, one of the key areas the company is out to international markets - construction of trunk lines in the CIS countries, and perhaps even in India and China, writes Kommersant on July 16.
That the Board of Directors “Rostelekom” approved “Key strategic development operator in the period 2008-2012 years”, told several sources close to the company. According to the document, Rostelecom is considering entering the international markets: in the period 2008-2010 years priorities are the CIS countries, China and India, and since 2010 - the first - the Middle East. “How is the operator would go to these countries, depends on each situation, considered all the options of mergers and acquisitions of local firms, the exchange capacity of the existing players to partnership schemes” - explains one of the interlocutors ” ‘”. CEO “Rostelekom” Konstantin Soloduhin not confirmed nor denied this information. Similarly came in “Svyazinvest” and “CIT Finance” (together with the UK Leader owns 38-39%).
Among the potential projects that are most interested in Rostelecom, the interlocutors ” ‘” called the construction of highways Baku and Aktau-Baku-Turkmenbashi (Azerbaijan), Georgia-Turkey-Georgia and Ukraine, as well as a draft “Two Valley” for the construction of highways in China.
In addition, the operator is considering buying operators “Aztelecom” (Azerbaijan, now planned merger of companies “Aztelecom” and “The Baku telephone service” and their joint privatization); Beltelecom (Byelorussia; operator is scheduled for privatization in 2008, the proportion of the foreign investor is limited 49% UK); “Uzbektelecom” (Uzbekistan; operator for 49% of State intends generated $ 45-50 million); “Kazakhtelecom” and “Kaztranskom” (Kazakhstan, 49% of the shares in Kazahtelekoma “belongs to Kazakh investors)”; “Ukrtelecom” “Farlep” (Ukraine). Aggregate value of the assets, which plans to acquire Rostelecom, estimated analyst UK “Finam Management” Anna Zaitseva, is about $ 4 billion (estimated purchase 100% of the companies).
Rostelecom established in 1993 by order of the Russian Federation State Committee on the basis of 20 enterprises, to provide telecommunications services in the territory of Russia. In 1994, Rostelecom was included in the holding “Svyazinvest”, which belongs to the 51% stake in the company. In 2007, the company’s revenues amounted to 64.6 billion IFRS rub., EBITDA - 11,1 billion rub., capitalization - 8.63 billion rub. [source: Rosfincom]
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