Rostelecom and Tele2 Russia complete joint venture
Russian operators Rostelecom and Tele2 Russia have finalised negotiations for the creation of a mobile joint venture in the country, Reuters reports.
Rostelecom shareholders approved plans to spin-off its mobile assets in January this year, and the company has since transferred all of its shares in mobile subsidiary, RT-Mobile, to the joint venture.
It has also had its licences reissued to the new entity, where it will have a 45% stake.
VTB will hold a 55% stake in the joint venture.