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Rostelecom to delay LSE listing to 2012

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Russian national operator Rostelecom has postponed a technical listing on the London Stock Exchange until early next year, a company source said on Friday.

"The listing of Rostelecom's securities is being moved to the beginning of 2012 because UK's state financial market regulator needs more time than usual to endorse the company's prospectus," the source told Reuters.

Rostelecom declined to comment.

Rostelecom CEO Alexander Provotorov earlier said the company would be listed by the end of this year. The operator will continue working on getting clearance to list, in accordance with UK requirements.

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