The privatisation of Russia’s leading telco Svyazinvest is back on the agenda.
Moscow Times reports that Sistema’s Comstar-UTS, which already owns 25% plus one share of Svyzainvest, will make a bid to secure a further 25% based on a valuation made by Ernst & Young, understood to be in the region of R20 billion (€454.3 million).
Comstar-UTS bought its current stake in the telco for €985 million in December 2006.