View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
January 30, 1997updated 05 Sep 2016 12:03pm

RUSSIA READIES PHONE NETWORK FOR PRIVATIZATION

By CBR Staff Writer

After almost a decade of indecision, within the next few weeks most of Russia’s public switched telephone network may well have been privatized. A holding company called Svyazinvest owns a 50% share of all of Russia’s regional telephone companies. In November last year it was announced that the Russian government had turned down an offer by N M Rothschild & Co to handle the sale of 25% of Svyazinvest on international markets. Instead the sale would be handled domestically by Russia’s Most Bank and AlphaBank. When other major state assets were sold off in 1995, the banks handling the sales not only took part in the auctions, but they also sometimes won the auctions. This decision also looks very much like the valuable parts of the Russian state being handed out to the coterie of tycoons which now wield huge financial and political power. Bids for a 25% stake in Svyazinvest closed on January 15.

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU