TITLE

Rostelecom poised to offload minor stake in SMARTS

PUB. DATE
July 2012
SOURCE
Telecom Mergers & Acquisitions;Jul2012, p2
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on Russian national operator Rostelecom's plan to consider selling its 2.95% stake in mobile operator SMARTS Group back to the controlling shareholders of the latter. The sale is considered part of the strategy of Rostelecom to solely invest in companies where it can take part in business processes. It is suggested that the stake will be sold at $3.75 million.
ACCESSION #
85687298

 

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