Rostelecom Shareholders Advised to Vote Against Mobile Spin-Off Plans
Published on: 19th Dec 2013
By: Ian Mansfield
A Russian organisation that advises small shareholders on how to vote in issues has advised its members not to support the planned merger of the Tele2 and Rostelecom mobile networks.
The Association was also concerned that the spin-off plan could delay a further stock market listing for the company, which is currently expected to take place by 2016.
The shareholders are due to vote on the matter at the end of this month.