Reiman out, what now for Svyazinvest?

13 May 2008

A shake-up in the Russian Cabinet could signal a push towards privatisation for state telecoms holding company Svyazinvest. The sale of the government’s remaining stake in Svyazinvest has been on the cards for almost a decade but there has been little tangible progress. Outgoing Communications Minister Leonid Reiman had given little away about the future of the state telecoms group, which has interests in all of the country’s seven mega-regional fixed line telcos plus the dominant long-distance operator Rostelecom. Reiman has been replaced by Igor Shegolev, previously head of the RF President Protocol, CNews reports.

Russia, Svyazinvest