Rostelecom reveals post-merger targets; aims to secure 50% of broadband market

17 May 2011

According to Reuters, Russia’s state-owned telecoms giant Rostelecom hopes to grow its share of Russia’s broadband market to 50% percent by 2015 from just under 40%, with a view to offsetting losses in its core fixed line telephony business. Rostelecom will also target a 30% share of the pay-TV market and 22% of the wireless broadband market, up from around 25% and 9% respectively. The comments were reportedly made during a company presentation last week. As previously reported by TeleGeography’s CommsUpdate, on 1 April 2011 Rostelecom merged seven so-called ‘mega-regional’ telcos into its central operations, namely: North-West Telecom, CenterTelecom, Southern Telecommunications, VolgaTelecom, Uralsvyazinform, Sibirtelecom and Far East Telecom. All seven firms had previously operated under the control of state-owned telecoms holding company Svyazinvest.

Russia, Rostelecom