The Board of Directors of Rostelecom approved the new President of the company

Mikhail Oseevsky

Photo: Oleg Karsaev / “Kommersant”

The Board of Directors of Rostelecom approved the early resignation of the President of the company Sergey Kalugin and was appointed to the post of Tatarstan Mikhail, until recently Vice-President of Board VTB

On Friday, March 3, the Board of Directors of JSC “Rostelecom” terminated the contract with the President of the company Sergey Kalugin and approved for the post Michael Tatarstan stated in received by RBC. The contract period of the new top Manager to five years.

Mr. Oseevskiy graduated from the Leningrad Polytechnical Institute on a speciality “engineering Electrophysics”. In 2003-2011, he worked in the government of Saint Petersburg Vice Governor and head of the administration of the Governor of St. Petersburg. In 2011 he became Deputy Minister of economic development, in 2012 he held the post of Deputy President-Chairman of Board VTB.

“Rostelecom” is the base company for the entire industry of the country, from whose work depends on the quality of people’s lives, and opportunities for rapid development of new digital economy — are in the message words of Tatarstan. — “Rostelecom” in recent years has changed the structure of its business, moving in the direction of digital services, but the scope for growth in this direction is still there. We will continue working on providing digital services in inaccessible areas, the project to eliminate digital inequality”.

Earlier at a meeting with Prime Minister of Russia Dmitry Medvedev Mikhail Oseyevsky said the head of “Rostelecom” intends to work on expanding the Suite of digital services and new areas of services, distribution in inaccessible regions. The former banker also said that it plans to raise internal efficiency and reducing costs in the company.

Kalugin invited to become a Deputy Minister of Telecom and mass communications, said earlier the head of the Ministry Nikolai Nikiforov. Sergey Kalugin also nominated to the Board of Directors of “Rostelecom” as the representative of the state. In addition to him, candidates from the state to the Board are: Mikhail Oseevsky, the special representative of the President of Russia on environmental issues, ecology and transport Sergei Ivanov, the head of the Russian direct investment Fund Kirill Dmitriev, General Director of STC “Channel “Russia” Anton Zlatopolsky, the first Deputy Chairman of Vnesheconombank Mikhail Poluboyarinov and Vice-President of Gazprombank Alexander Pchelintsev.

Sergey Kalugin became President of Rostelecom in March 2013. It was awarded a two-year contract, and in March 2015 it was extended for another three years. While obvious claims to the work of Kalugin could not be told earlier Raiffeisen Bank analyst Sergei Libin. However, as argued by RBC two sources in the market of Tatarstan the candidacy for the post of head of “Rostelecom” lobbied VTB group, which intended to sell to the state operator its share in their joint venture “T2 RTK Holding” (renders mobile communication services under the Tele2 brand). Sergey Kalugin, in turn, were opposed to such a transaction.

The head of VTB Andrey Kostin, however, later said that at this stage the group is not discussing the sale of its interest in the joint venture “Rostelecom”, although it was stipulated that the share of “T2 RTC Holding” will vary.

“T2 RTC holding” was created in 2014 through the merger of the mobile assets of Rostelecom and Tele2 Russia. Rostelecom received 45% of the company, the rest in unknown proportion divided VTB, the structure of Bank Rossiya and Alexey Mordashov. In early 2013, VTB bought 100% of Tele2 Russia from Swedish Tele2 AB, and in the fall sold 50% in the operator structures of Bank Rossiya and Alexei Mordashov.

Association with the mobile assets of Rostelecom, has expanded the geography of “Tele2 Russia” and was let in October 2015 to launch mobile services under the Tele2 brand in Moscow. At the same time, the construction of networks in the Metropolitan region requiring the operator significant costs (their size was not disclosed), but the access to this market has not had a significant effect on the subscriber base of the operator. By the beginning of 2017, “T2 RTK Holding” had 2.5 million subscribers in Moscow, reported “Interfax” with reference to its sources. The company in mid-2016 has stopped disclosing this metric, as their financial results. The total number of cellular subscribers in the capital AC&M is estimated at about 43 million people. In the financial statements of VTB says that the revenues “T2 RTK Holding” by the end of 2016 according to international financial reporting standards grew by 12% compared with the figure of 2015, to 105.9 billion rubles. the company’s Net loss amounted to 15.6 billion rubles. instead of the 7.6 billion rubles in 2015.

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