Rostelecom acquires Russia’s leading infrastructure player in smart transportation
Moscow, Russia – May 22, 2020 – Rostelecom PJSC (MOEX: RTKM, RTKMP; OTCQX: ROSYY), the largest integrated digital service provider in Russia, today announces that its subsidiary Bashinformsvyaz PJSC has signed an agreement to acquire a 51% stake in VoiceLink LLC, a leading player in smart road traffic control systems.
VoiceLink is a high-tech IT and system integration company, offering a full range of products and services, including smart transport systems software and integration for some major infrastructure Smart and Safe City projects.
“With the acquisition of VoiceLink, Rostelecom powers on with its strategy to continue developing its smart services family. Our principal growth engine, this business segment is continuously boasting double-digit growth rates in our revenue structure. The acquisition of VoiceLink further increases the Group’s product positioning within the Smart and Safe City projects, and makes a strong contribution to our strategy been to build expertise in smart transport systems engineering and construction. We are seeing a lot of opportunities to realise synergy effects through the promotion of smart products across our existing clients and within the national “Safe Roads” programme”.
Further information is available at https://www.company.rt.ru/en/ir/news_calendar/.