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Rostelekom OAO withdraws suit against regulator-RAPSI

Monday, 16 Dec 2013 02:38am EST 

Rostelekom OAO:Rostelecom has withdrawn a 2.7 billion Russian ruble lawsuit against the Federal Communications Agency-RAPSI.Rostelecom filed the claim on Dec. 3 saying that the regulator failed to compensate Rostelecom’s costs for providing universal services in Jan.–June.Russian operators contribute 1.2 pct of their revenues to the universal service fund.This money goes to the federal budget and the communications agency later takes the funds from the budget to distribute them among the operators that provide universal services.Universal services include fixed-line telephony via public pay telephones in rural and remote areas and Internet services at public access points. 

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