Russian Railways, the 99%-owner of Transtelecom (TTK), is reportedly planning to sell a 50% minus two shares stake in the fibre optic network operator by 2015.
The minority stake could be worth as much as Rbs37.5bn (US$1.1bn) in 2015 and Russian direct…
Russian Railways, the 99%-owner of Transtelecom (TTK), is reportedly planning to sell a 50% minus two shares stake in the fibre optic network operator by 2015.
The minority stake could be worth as much as Rbs37.5bn (US$1.1bn) in 2015 and Russian direct investment fund RFPI is a likely buyer, Moscow newspaper Kommersant reported citing sources.
TTK describes itself as one of the top five Russian telecommunications companies and operates a 76,000 km fibre network, laid along the railways, which connects 4.8 million households in Russia.
It also has backbone operations which extend from Europe to North Korea and Japan. In 2012 TTK reported revenues of Rbs27.1bn (US$829.1m) and Rbs4.8bn (US$146.8m) in OIBDA.
