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LSR Group, Rostelecom enter into agreement

LSR Group and Rostelecom have signed a strategic partnership agreement, the parties informed after the SPIEF 2019 Forum.

In cooperation with Rostelecom, LSR Group intends to promote smart information services in the construction sector. The partnership is also focused on the development of cloud-based infrastructures and information security in the construction industry, implementation of unified approaches to providing digital services, joint testing of new technologies and creation of platform solutions meeting the requirements of both companies' customers.

PJSC LSR Group (tax number: 7838360491) founded in 1993 produces building and construction materials, implements real estate development and construction projects. The group comprises manufacturers of ceramic bricks, foamed concrete, nonmetallic building materials, ready-mix concrete, concrete products and large panel residential construction companies. The principal shareholder of the company is Andrei Molchanov.

PJSC Rostelecom (tax number: 7707049388) is the national long-distance communication operator leading in the amount of long-distance domestic and international data traffic and operating the land-line network of television and broadcasting channels. In April 2011, Rostelecom absorbed interregional communication companies Centertelecom, Sibirtelecom, Dalsvyaz, Uralsvyazinform, VolgaTelecom, SZT, YTK and Dagsvyazinform. Total length of Rostelecom's backbone network all over Russia is about 500,000 km. The company's infrastructure reaches 43 million Russian households.

The company's authorized capital is RUB 6.961 billion. It consists of 2,784,480,101 shares including 2,574,914,954 common shares and 209,565,147 type A preferred shares. Rostelecom's major shareholder is the Government of Russia. The company's securities are listed on the MICEX Stock Exchange in Russia as well as in the electronic OTC trading system OTCQX in the USA.

IFRS net profit of PJSC Rostelecom for Q1 2019 increased by 46% to RUB 5.631 billion from RUB 3.864 billion a year earlier. Revenue increased by 3% to RUB 78.667 billion from RUB 76.203 billion, OIBDA by 12% to RUB 26.381 billion from RUB 23.551 billion, operating income grew by 16% to RUB 9.709 billion from RUB 8.357 billion.

"AK&M", 11.06.2019 15:30


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