View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
December 4, 1995


By CBR Staff Writer

Italy’s state-controlled telecommunications holding company Stet SpA is to play a leading role in Russian telecommunications. It won an investment tender for 25% plus one share of Russian holding company Svyazinvest with a $630m bid, the Russian Privatisation Centre confirmed. The minimum price acceptable had been set at $430m, but as well as paying for the equity, Stet must invest at least $770m in Svyazinvest over the next two years. Svyazinvest, which recently received a long-distance licence from the communications ministry, owns controlling stakes in 85 regional telecommunications companies in Russia. Stet’s rival in the tender was a consortium including France Telecom, Deutsche Telekom and a Russian unit of the US West Inc Baby Bell.

Content from our partners
Rethinking cloud: challenging assumptions, learning lessons
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business

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 Progressive Media Investments 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.