Rostelecom can loose control over the mobile business in case of the merger with Tele2 Russia, A.Kostin, VTB chief executive, said to Bloomberg Agency.
He noted that the independent appraisal of the assets should be provided to appreciate the share of Rostelecom.
Earlier, VTB Group informed that it is going to sell considerable portion of the share in Tele2 Russia. It can be acquired by the group of 3-4 investors. In 3 years Russia will be ready to carry on IPO.
Invintel B.V. and ABR Investments B.V. as the structures held by Rossija Bank appealed to FAS on the acquisition of 50% in Tele2 Россия. Then it intends to set up JV with Rostelecom. Now this deal is under way at the assistance of JPMorgan, Credit Suisse and PricewaterhouseCoopers as advisers.
Rostelecom (TIN 7707049388) is a national com operator. It has 150ths km of lines in Russia. The current structure is in force from Apr.
2011 after the takeover of interregional com companies including TsentrTelecom, Sibirtelecom, Dalsvyaz, Uralsvyazinform, VolgaTelecom, SZT, YUTK and Dagsvyazinform. The length of the main com lines cover 500ths km.
The major holder is the government having 53.25% through Svyazinvest, VEB and Insurance Deposit Agency. The securities are under trading on RTS/MICEX and OTCQX in USA.
The share capital is equal to 7.965mln rub. split in 2943258269 common and 242831469 preferred stocks of 0.0025 rub. par.
The IQ 2013 net profit (RAS) moved down 42.6% to 7.64bn rub. from 13.304bn rub. prior year. The revenues - 11% to 67.744bn rub. from 76.119bn rub.
The IQ 2013 net profit (IAS) dropped 49% to come to 6.413bn rub. from 12.468bn rub. prior year; revenues climbed down 10% to 77.067bn rub. from 85.319bn rub.; OIBDA dropped 16% to gain 28.837bn rub. from 34.408bn rub.; OIBDA margin - to 37.4% from 40.3%.