According to local reports, Sistema has called for the rights of minority shareholders at Russia’s leading telco Svyazinvest to be extended. Sistema’s Comstar acquired 25% plus one share in Svyazinvest for $1.3 billion (€974.7 million) in Q4 2006 and it was widely assumed this would allow it a greater say over the telco’s operational strategy, including future privatisation. At present Svyazinvest is still 75% less one share owned by the government.
