Reuters logo
Russia's VTB announces Tele2 Russia tie-up with Rostelecom assets
February 6, 2014 / 11:01 AM / in 4 years

Russia's VTB announces Tele2 Russia tie-up with Rostelecom assets

MOSCOW, Feb 6 (Reuters) - Russian bank VTB announced on Thursday the merger of its Tele2 Russia mobile unit with the mobile assets of telecoms group Rostelecom into a single company, T2 RTK Holding.

VTB and its partners, Bank Rossiya and entities controlled by Alexei Mordashov, will own at least 55 percent of the new company, with Rostelecom having a 45 percent stake, VTB said in a statement.

Rostelecom approved the merger last year. (Reporting by Maria Kiselyova; Editing by Megan Davies)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below