Friday, January 30, 2009

"Rostelecom" will become a sponsor of the Olympics in Sochi.

General partner of the Olympic Games 2014 in Sochi in category "Telecommunications" has become "Rostelecom", writes the newspaper Kommersant. For participation in the sponsorship previously fought the "Comstar UTS", MTS, VimpelCom and MegaFon, but the first three companies have withdrawn the application. As expected in the coming days it may be decided on a sponsorship contract with MegaFon.
According to the newspaper, the cost of sponsorship contract "Rostelecom is 170 million dollars. Of this amount, 70 million dollars account for the sponsorship fee. The rest of the money - it is the obligation to provide services. Partner of "Rostelecom" in the sponsorship of the Olympic Games can act as "Megaphone." Relevant consultations are ongoing with the International Olympic Committee.
"Rostelecom" 51 per cent owned by gosholdingu "Svyazinvest". Another 40 percent of the shares in the company controls the CFR. Capitalization of "Rostelecom" on the stock exchange RTS January 30, 2009 amounted to 5,7 billion dollars.

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