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Russian Federation,Ukraine : ROSTELECOM invests more than $417 million in CRIMEA [TendersInfo (India)]
[April 18, 2014]

Russian Federation,Ukraine : ROSTELECOM invests more than $417 million in CRIMEA [TendersInfo (India)]


(TendersInfo (India) Via Acquire Media NewsEdge) Russian telecom provider, Rostelecom will set up a branch office in Crimea and invest 15 billion rubles ($417 million) in developing a telecom system on the peninsula.

The company may build its own network in Crimea but it may purchase local Ukrainian operations and upgrade the existing telecom lines. Rostelecom is in talks with fixed-line communications firm Datagroup and Ukrtelecom, owned by one of Ukraine's wealthiest men, though both companies deny that.



Rostelecom declined to provide an official comment on cooperation prospects or to confirm investment plans.

Rostelecom current vice president will head the new office. The new unit will require introducing some changes in the company's charter.


Rostelecom started expanding its business into Crimea following an order by Prime Minister Dmitry Medvedev to ensure the communications between Russia and Crimea bypass Ukraine.

Rostelecom had to lay an underwater telecommunication line across the Kerch Strait, which is aimed at connecting Crimea to the Russian regions.

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