The state can gain control of Tele2 Russia, write media

© Photo : courtesy of the press service Tele2Мобильный operator Tele2. Archive photoThe state can gain control of Tele2 Russia, write media© Photo : courtesy of the press service of Tele2

«Rostelecom» shareholders «T2 RTK holding» (Tele2) to negotiate the increase in the share of state-owned operator in the cellular company to control, wrote in a Friday newspaper Vedomosti, citing two people familiar with the managers of JSC «Rostelecom», a person close to shareholders of «Rostelecom» and also the source in the direction of one of the partner mobile operator and co-owner of another partner.

About negotiations «Rostelecom» the Federal property management Agency to increase the share of «Rostelecom» and Tele2 to control and possible payment of this package quasicanonical shares known to the Federal official, the publication adds. According to two interlocutors of the newspaper, negotiations are underway at least since the beginning of summer, and another two do not exclude that the transaction can be closed in the fall.

The newspaper’s source did not mention the rating of Tele2 on the negotiations, according to two people familiar with the managers of Rostelecom, the deal may be cash-strapped.

As the newspaper notes, more than 5% of the shares in Tele2, which is not enough to control, «Rostelecom» can pay for their quasicanonical shares owned by its subsidiary Mobitel. She speaks of 12.01% of the share capital of JSC «Rostelecom» (of 10.49% of the ordinary shares and 30,79% preferred). The market value of this package yesterday was a little less than 22 billion rubles, the newspaper added.

Rostelecom owns a 45% Tele2. The remaining share belongs to Tele2 Russia Holding AB, in which VTB – 50%, Invintel B. V. Alexey Mordashov – 40%, and 10% belongs to the Bank «Russia» Yuri Kovalchuk.

Until the Agency has received no proposals and documentation to the deal told the newspaper the representative office.