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Rostelekom PAO (ROSyq.L)

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Latest Key Developments (Source: Significant Developments)

Rostelecom ready to consider buying controlling stake in Tele2 Russia
Monday, 6 Mar 2017 07:32am EST 

: Russia's state-controlled telecoms operator Rostelecom is ready to consider buying a controlling stake in Tele2 Russia, its president Mikhail Oseevsky said on Monday . "We are thinking about whether it is necessary for Rostelecom to get a controlling stake in Tele2, but this issue is not a key one", he said . Rostelecom has a 45 percent stake in Tele2, while state-controlled bank VTB and its partners have a 55 percent stake . "The most important thing for us - is to establish an effective operational cooperation with Tele2 in order to improve our operating and financial performance. If we can do that within the existing shareholder structure - great. If we understand together that we need direct management of Tele2 - obtaining a controlling stake - we will go this way", Oseevsky said . Tele2 shareholders have never discussed buying out by Rostelecom the entire stakes from its partners, he added Further company coverage: [RTKM.MM] (Reporting by Gleb Stolyarov in Moscow, translated by Gdynia Newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;)).  Full Article

Russia's Rostelecom Q4 net profit RUB 3.6 bln, down 13 pct YR/YR
Monday, 6 Mar 2017 07:00am EST 

Russia's telecoms operator Rostelecom : Q4 net profit 3.6 billion roubles ($61.90 million), down 13 percent versus year ago . Q4 revenue 80.4 billion roubles, down 0.8 percent versus year ago . Q4 OIBDA decreased by 5.6 percent to 24.4 billion roubles . Q4 OIBDA margin down to 30.3 percent from 31.9 percent year ago . Q4 free cash flow up 72 percent to 15.6 billion roubles compared to Q4 2015 . Q4 capital expenditures down 22 percent y-o-y to 15.1 billion roubles . Expects revenue to rise by 1 percent and OIBDA to grow around 1 percent in 2017 . In FY 2016 revenue edged down 0.03 percent to 297.4 billion roubles; OIBDA fell 4 percent to 96.8 billion roubles; net profit decreased 15 percent to 12.2 billion roubles Further company coverage: [RTKM.MM] ($1 = 58.1550 roubles) (Gdynia Newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;)).  Full Article

BRIEF-Rostelecom board appoints Mikhail Oseevsky as president
Friday, 3 Mar 2017 10:40am EST 

Rostelecom :Says board appoints Mikhail Oseevsky as president as of March 4 for a five-year term.  Full Article

Rostelecom to buy additional 49.9% stake in SafeData
Friday, 3 Mar 2017 10:32am EST 

Rostelecom : Says to buy additional 49.9 percent stake in Data Storage Centre (operating under the SafeData brand) for 2.255 billion roubles ($38.52 million) . Says as result will consolidate 100 percent stake in SafeData Further company coverage: [RTKM.MM] ($1 = 58.5400 roubles) (Gdynia Newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;)).  Full Article

Rostelecom to provide integrated telecommunications services to the State Automated System 'Justice'
Tuesday, 14 Feb 2017 05:00am EST 

Rostelecom : Says to provide integrated telecommunications services to the state automated system 'Justice' .Contract is valued at 902 million roubles ($15.64 million), and contract will run until July 31, 2017.  Full Article

Rostelecom and Gazprom Neft sign a strategic partnership agreement
Wednesday, 8 Feb 2017 03:16am EST 

Rostelekom PJSC :Signs a strategic partnership agreement with Gazprom Neft to implement the industrial internet of things and other innovative technologies.  Full Article

Rostelecom corporate venture capital fund invests in Transportation Information Technologies
Monday, 16 Jan 2017 03:00am EST 

Rostelecom : Rostelecom's corporate venture capital fund 'CommIT Capital' invests in Transportation Information Technologies (TransInfoTech) . Says its corporate venture capital fund, 'CommIT Capital', has acquired a 25 percent stake in TransInfoTech .Says its corporate venture capital fund is intending to invest 40 million roubles ($671,299.75) at initial stage in TransInfoTech.  Full Article

Rostelecom acquires Sibitex
Tuesday, 10 Jan 2017 08:00am EST 

Rostelekom PJSC :Says has completed the acquisition of 100 pct of Sibitex in Tyumen.  Full Article

Russia's Rostelecom cuts 2016 revenue, core profit forecast
Thursday, 10 Nov 2016 06:00am EST 

Rostelecom says: Revises 2016 revenue growth forecast to up to 1 percent from 1-2 percent and now expects OIBDA to fall by 4-6 percent compared to its previous forecast for flat OIBDA; . Confirms forecast for capital expenditures at less than 19 percent of revenue in 2016; . Q3 revenue rises 0.4 percent year-on-year to 72.78 billion roubles ($1.15 billion); . Q3 OIBDA falls 1 percent year-on-year to 25.04 billion roubles, OIBDA margin at 34.4 percent vs 34.7 percent in Q3 2015; . Q3 net profit rises 98 percent year-on-year to 4.06 billion roubles; . Free cash flow turns positive in Q3, totals 5.85 billion roubles against -5.7 billion roubles in Q2 2016 (Q3 2015: 6.42 billion roubles). Further company coverage: [RTKM.MM] ($1 = 63.4815 roubles) (Reporting by Moscow Newsroom) ((moscow.newsroom@thomsonreuters.com)).  Full Article

Rostelecom to open RUB 10 billion credit line
Monday, 3 Oct 2016 10:49am EDT 

Rostelecom :Says agrees to open 10 billion rouble ($160.28 million) credit line at Gazprombank Full Article

More From Around the Web

VTB Bank wants Rostelecom to have control in Russia's Tele2

MOSCOW, March 29 VTB Bank is discussing with co-investors in Russia's No.4 mobile phone operator Tele2 a possible ownership change that would give state-controlled Rostelecom control in the mobile company, VTB's First Deputy CEO said on Wednesday.