31 Dec 2013 14:11

Rostelecom stockholders approve cellular asset spin-off

MOSCOW. Dec 31 (Interfax) - The stockholders in Russia's national telecommunications operator Rostelecom voted at an extraordinary meeting on Monday to split off CJSC RT-Mobile, which will gain mobile assets for the creation of a joint venture with Tele2 Russia.

The owners of 61.1% of ordinary and preferred shares took part in the EGM, and 85.2% of them voted in favor of the reorganization. The right to present stock for a buy-out was conferred on the holders of 47.9% of the stock in Rostelecom who did not take part in the voting or voted against reorganization.