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Falcon-Guy
Russian Railways plans to sell a 50% minus two shares stake in its subsidiary Transtelekom (TTC) by 2015.
According to Kommersant, the proposed sale is discussed in the company’s investment and financial plan for 2014-2016. TTK had 1.05 million subscribers at the end of 2012, or 144% more than a year earlier.
Its revenues amounted to R27.1 billion (+9% year-on-year) and its net loss was R0.7 billion (-30% year-on-year).
The 50% minus two shares stake is expected to be valued at R37.5 billion, with the Russian Direct Investment Fund a likely buyer.
According to Kommersant, the proposed sale is discussed in the company’s investment and financial plan for 2014-2016. TTK had 1.05 million subscribers at the end of 2012, or 144% more than a year earlier.
Its revenues amounted to R27.1 billion (+9% year-on-year) and its net loss was R0.7 billion (-30% year-on-year).
The 50% minus two shares stake is expected to be valued at R37.5 billion, with the Russian Direct Investment Fund a likely buyer.