Please install Adobe Flash Player.

Consulting services

  • Market entry strategy
  • Business plan development
  • Strategy audit
  • Competitive intelligence
  • Product evaluation
  • Due diligence
  • Distributor / agent search

Research services

  • Market studies analysis / sizing and trends
  • Customer service / satisfaction surveys
  • Competitive positioning intelligence
  • Brand tracking
  • Advertising effectiveness research
  • Pricing research


  • National operators
  • International operators
  • Telecom vendors
  • Incumbents
  • New entrants
  • Governments

Sistema eyes majority stake in telecom Svyazinvest


MOSCOW, April 21 (Reuters) - Russian conglomerate Sistema has ambitions to bid for control of Svyazinvest after a getting a lower-than-expected valuation on the 25 percent plus one share in the telecoms giant it wanted to sell to the state. 
Sistema proposed in October that the government buy back its quarter share in Svyazinvest for $1.9 billion. Sources said last week the stake, which is held by Sistema's unit Comstar , had been valued at about $668 million.
"Comstar is going to file a proposal to the government to buy another 25 percent of Svyazinvest based on a valuation made by Ernst & Young," Sistema's spokeswoman Yulia Belous said on Tuesday.
"In our opinion, this valuation was made based on very conservative forecasts for Svyazinvest's development. We believe that we can present ourselves to the state as a more efficient manager (of Svyazinvest)."
Yelena Lashkina, a spokeswoman for the Communications Ministry, said the government had no intention of selling its Svyazinvest shares.
Yekaterina Nevskaya, a spokeswoman for Comstar, said Comstar would be interested in increasing its Svyazinvest stake to a controlling one "at an attractive price."
The government is currently mapping out another restructuring plan for Svyazinvest, whose privatisation has been delayed by nearly a decade.
Analysts believe the government is likely to negotiate for a non-cash swap of the Svyazinvest stake held by Comstar for Svyazinvest's shares in Moscow fixed-line network MGTS , which is already majority-held by Sistema.
They have also said that Comstar's 26 billion-rouble ($777 million) loan from Sberbank would likely figure in the deal.

Latest News

30 May 2017

ChronoPay looks to kickstart bitcoin adoption in Russia

St.-Petersburg, May 30 ( & CCN) ChronoPay, one of Russia’s oldest online payments providers, is including bitcoin to its payment gateway, enabling all of its clients to accept the...
12 May 2017

Russia’s largest online retailer will accept Bitcoin despite Central Bank slapdown

St.-Petersburg, May 12 (Сryptocompare) Russian e-commerce giant Ulmart is planning to start accepting bitcoin as a method of payment from 1 September, 2017. The online retailer was considering accepting...
23 December 2016

MegaFon to buy stake for $740 million from Usmanov

MOSCOW, Dec 23 (Bloomberg) Alisher Usmanov and his partners are set to pocket $740 million from moving a stake in internet company Group Ltd. to MegaFon PJSC, as the Russian billionaire consolidates...
20 December 2016

Deloitte says 7% Russian cell clients change operators in H1

MOSCOW, Dec 20 (PRIME) -- About 7% of Russian mobile subscribers changed their operators in January–June as compared to 4–5% of users who switched to other operators within six months in several...
Joomla Templates and Joomla Extensions by JoomlaVision.Com