Russian telecoms holding Svyazinvest’s seven regional divisions have filed for liquidation ahead of their ‘mega merger’ with national operator subsidiary Rostelecom.
Shares in these state-owned regional operators ceased trading yesterday, according to a…
Russian telecoms holding Svyazinvest’s seven regional divisions have filed for liquidation ahead of their ‘mega merger’ with national operator subsidiary Rostelecom.
Shares in these state-owned regional operators ceased trading yesterday, according to a stock market filing. These shares will reportedly be converted into Rostelecom stock on 1 April.
Svyazinvest unveiled plans for the mega merger in February 2009, when it outlined intentions to reorganise its business before a full privatisation.
The holding group’s regional subsidiaries currently comprise Center Telecom, North-West Telecom (NWT), VolgaTelecom, Southern Telecommunications, Uralsvyazinform, Sibirtelecom and Far East Telecom (DalSvyaz).
Svyazinvest was unable to comment before the press deadline.
