The privatisation of Russia’s national telecoms holding company Svyazinvest is still under consideration, and the election of new board members today could kick-start the process. The privatisation of Svyazinvest has been on the cards for years but successive governments have failed to push a deal through. Meanwhile, the Russian government is looking at buying out Svyazinvest’s two private shareholders, Comstar UTS which holds 17.31% and MGTS Finance which owns 7.69%; both these firms are controlled by AFK Sistema. The government controls the remaining 75% minus one share and a report from RBC in Moscow suggests that it is looking to take its ownership to 100% before then proceeding with a privatisation. Agreeing a deal will depend on Sistema’s valuation, however, and IT Minister Leonid Reiman says a final decision has still to be made.