24 Feb 2011 14:37

Yurchenko ups Dalsvyaz stake to 2.17%

MOSCOW. Feb 24 (Interfax) - Former Svyazinvest chief Yevgeny Yurchenko has increased his stake in fixed-line provider Dalsvyaz from Russia's Far East to 1.98% from 1.29% issued shares or to 2.17% from 1.27% voting shares, Dalsvyaz said in a statement.

Yurchenko told Interfax on Tuesday that he had bought up shares in all regional fixed-line providers and intended to continue to buy shares. He said he had not bought additional shares in long-distance provider Rostelecom , which is merging with the regional providers.

Yurchenko has told Interfax that he increased his stake in the new-look Rostelecom to 4%, from just over 2.5% in August.

The merger should be complete by April 1.