Rostelecom's IFRS for 6 months of 2020 includes data on M&A events for the 6-month period in 2020.
In particular, Rostelecom entered into legally binding agreements to acquire 51% of the shares in Forkam LLC, a provider of software solutions in the utilities management sector.
Besides, Rostelecom acquired a stake in Sign.Me, a developer of electronic signature solutions, to complement the company's digital ecosystem by an electronic signature service.
PJSC Rostelecom (tax number: 7707049388) is the national long-distance communication operator leading in the amount of long-distance domestic and international data traffic and operating the land-line network of television and broadcasting channels. In April 2011, Rostelecom absorbed interregional communication companies Centertelecom, Sibirtelecom, Dalsvyaz, Uralsvyazinform, VolgaTelecom, SZT, YTK and Dagsvyazinform. Total length of Rostelecom's backbone network all over Russia is about 500,000 km. The company's infrastructure reaches 43 million Russian households.
IFRS net profit of PJSC Rostelecom for 2019 increased by 10% to RUB 16.474 billion from RUB 15.012 billion a year earlier. Revenue increased by 5% to RUB 337.421 billion from RUB320.239 billion, OIBDA went up 6% to RUB 106.526 billion from RUB 100.9 billion.
