Rostelecom acquires a telecom operator in St. Petersburg
Moscow, Russia – July 25, 2019 – Rostelecom PJSC (MOEX: RTKM, RTKMP; OTCQX: ROSYY), the largest digital service provider in Russia, today announces that its subsidiary Bashinformsvyaz (“Bashtel”) has signed an agreement to acquire 100% stake in Prometey LLC (“the Company”), a communications operator in St. Petersburg and the Leningrad region.
Prometey has been providing services to corporate and state clients, as well as to individual customers since 2004.
The company operates its own fibre optics network which spans St. Petersburg and the Leningrad region, where it also possesses a strong market share in the B2B and B2G segments. Prometey has implemented a number of large-scale projects in both in St. Petersburg and the broader region, including projects carried out as part of the “Safe City” initiative. It has collaborated closely with the Government of St. Petersburg to assist with the set-up and maintenance of the Regional Automated Centralised Notification system. The provider’s B2B/G client base consists of more than 1,600 organisations, most of which are business centres and commercial properties.
Over the last 3 years, Prometey has strengthened its position in B2C, securing its leadership in providing Internet and cable TV services for new build properties in the Murino area of the Leningrad region, serving about 20,000 households.
In 2018, Prometey’s turnover amounted to RUB 430 million.
Prometey deal is in line with a strategic priority to develop Rostelecom’s digital ecosystem and client services.
“The acquisition will broaden the range of opportunities for Rostelecom to implement its innovative Smart City projects, and we will upsell Prometey’s clients with a wide range of services for new-build properties through our multimedia platform Wink. The deal will also enable us to further promote our “Smart Home” and packaged mobile communications offerings across Prometey’s customer base.”