'Svyazinvest approves merger with Rostelecom'

Posted on: Thu, 22 Oct 2009 06:13:00 EDT


Symbols: ROS
Oct 22, 2009 (DMEUROPE via COMTEX) --
ROS | Quote | Chart | News | PowerRating -- The management board of Russian telecommunications company Svyazinvest
has approved a reorganisation plan for the company. The reorganisation
will be carried out via a merger of its seven regional operators with
Russian long-distance carrier Rostelecom. The legal requirements of the
reorganisation should be finalized by May 2011, following a valuation
of shares, corporate approvals and debt restructuring in 2010.
Shareholder meetings of the companies involved are expected in summer
2010. As the result of the merger, a new company providing the full
spectrum of telecommunications and data transmission services will be
founded on the basis of Rostelecom. The company plans to listing the
new group on Russian and foreign stock exchanges.

Distributed for DMeurope.com via M2 Communications (www.m2.com)

For full details on Rostelecom (ROS) ROS. Rostelecom (ROS) has Short Term PowerRatings at TradingMarkets. Details on Rostelecom (ROS) Short Term PowerRatings is available at This Link.

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