VTB Not Planning To Sell Tele2 Russia To Rostelecom: Dep CEO-Report
20 Juni 2013 - 1:20PM
Dow Jones News
By Olga Razumovskaya
MOSCOW--Russia's second-largest lender VTB Bank (VTBR.RS) is not
planning to sell Tele2 Russia to Russian state-controlled telecoms
operator Rostelecom (RTKM.RS) and will seek private investors in
the next three to four months instead, the bank's deputy CEO Yuri
Soliviev told Interfax Thursday.
"We are negotiating with several investors, how many of them
there are in the end will depend on the structure of the deal," Mr.
Soloviev said.
"We will remain a party that will control this investment," he
added.
It had been rumored actively on the market that Tele2 Russia
would be sold off to Rostelecom.
Mr. Soloviev also confirmed that Tele2 Russia will be
cooperating with Rostelecom on the mobile virtual network operator
(MVNO) model.
Write to Olga Razumovskaya olga.razumovskaya@dowjones.com
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