Rostelekom may face lose-lose situation
Article Abstract:
OAO Rostelekom could see its stock lose even greater value if the reports on a possible merger with RAO Svyazinvest prove to be true. Rostelekom is the leading telecommunications firm in Russia. The company's share price will probably remain stagnant for the next few years as the Russian economy continues to fall. This would be the case even if Rostelekom maintained its independence. The Russian government wants to merge the company with Svyazinvest, its parent firm, in order to strengthen the holding company with cash from Rostelekom's long-distance and international phone businesses.
Comment:
Co stock could lose more value if the reports on a possible merger with RAO Svyazinvest prove to be true
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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Matav, Budapest discuss ending monopoly early
Article Abstract:
Magyar Tavkozlesi Rt. (Matav) has begun informal discussions with the government of Hungary over the termination of its international and long-distance telephony monopoly. The company is hoping to reach a settlement by early 1999 summer. Matav posted 58.34 billion forints ($264.2 million) in net earnings for 1998. This was a 62% over 1997. The company's sales increased by 25% to 318.1 billion forints for the year.
Comment:
Begins discussions with the govt of Hungary over ending its international and long-distance telephony monopoly
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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Czech state defers key tender ruling until at least April
Article Abstract:
Jan Mladek, the deputy finance minister of the Czech Republic, said that no decision on the divestment of a majority share of Ceske Radiokomunikace AG will come before early April 2001. The Czech government plans to sell off 51% of the telecom company.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2001
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