Svyazinvest

OJSC Svyazinvest

Type	Open joint stock company
Industry	Telecommunications
Founded	November 1994
Headquarters	103375 Tverskaya St. 7, Moscow
Key people	Chairman of the Board of Directors: Leonid Reiman, CEO: Alexander Kiselyov
Products	Telecommunications, Internet services, Cable television
Revenue	~
Employees	~
Website	http://eng.svyazinvest.ru/

OJSC Svyazinvest (Russian: ОАО Связьинвест) is Russia's largest telecommunications holding company founded according to the decree No 1297 of Russia's government on November 25, 1994, as a 100% state-owned company and registered on September 18, 1995.

In the late 90s some of its shares were privatized.

History

The company was created in accordance with Presidential Decree №1989 "On Specific Features of State Management of the Public Switched Network in the Russian Federation" dated October 10, 1994 and Government Resolution №1297 dated November 25, 1994 and Government Resolution №742 dated July 24, 1995. Svyazinvest's charter capital was formed by consolidating state-owned stakes in 85 joint stock telecommunications companies. Svyazinvest passed official state registration on September 18, 1995.

In accordance with Resolution №618 issued by the Russian government on May 23, 1997, the Russian Federal Property Fund and the State Committee of the Russian Federation for State Property Management put up for sale an interest equaling 25% + 1 share in Svyazinvest at a cash auction without any investment terms.

In November 1999 Svyazinvest's Board of Directors made amendments to the company's charter, according to which the company turned into a management company. As part of the measures to assign the status of a management company to Svyazinvest work got under way to improve procedures for manage associates, specifically, by consolidating companies located in one region.

Subsidiaries

Svyazinvest holds a majority stake in the following 7 big interregional service providers:

• OJSC CenterTelecom
• OJSC North-West Telecom
• OJSC VolgaTelecom
• OJSC Southern Telecom Company
• OJSC Uralsvyazinform
• OJSC Siberia Telecom
• OJSC Dalsvyaz Far East region

as well as holding a majority stake in the following:

• OJSC Central Telegraph
• OJSC Dagsvyazinform
• OJSC Rostelecom Russian long distance
• OJSC Giprosvyaz

The strategies of the subsidiaries of OJSC “Sviazinvest” focused on providing additional services to the population through the available access infrastructure. It is evident that in comparison to the alternative communication operators established after 1991, the subsidiaries of OJSC “Sviazinvest” cover the largest number of households in Russia.

The company has minority interests in the Moscow City Telephone Network and OJSC Kostroma GTS as well as holding small amounts of shares of several other companies.

Management

Director General: Alexander Lipatov (August 1995 - March 1996), Nail Ismailov (March 1996 - April 1999), Oleg Belov (April 1999 - October 1999), Valery Yashin (October 21, 1999 - ???), Alexander Kiselyov (as of June 29, 2006)

Chairman of the Board of directors: Nikolay Pozhitkov (until April 1999), Boris Ponomarenko (April 1999 - July 1999), Russia's Minister of Science and Technology Vladimir Bulgak (July 15, 1999 - June 2000), Russia's Minister of Communication and Informatization Leonid Reiman (since June 26, 2000)

As of June 29, 2006, its Board of Directors consists of Leonid Reiman (Chairman, Minister for Information Technologies and Communications of the Russian Federation), Boris Antonyuk (Deputy Minister for Information Technologies and Communications of the Russian Federation), Kirill Androsov (Deputy Minister for Economic Development and Trade of the Russian Federation), Vadim Stepanov (Secretary of State, Deputy Director of the Russian Federal Protection Service), Lyudmila Pridanova (Deputy head of Rosimushchestvo), Karen Markaryan (Assistant deputy head of the RF Government Executive Office), Vasiliy Popick (Assistant of the RF President's Expert department), Anatoly Akimenko (Representative of Mustcom Ltd.), Sergei Karpukhovich (Representative of Mustcom Ltd.).

Management Board (as of June 29, 2006): Alexander Kiselyov (Chairman, Director General), Stanislav Panchenko (Deputy Director General), Konstantin Belyaev (Deputy Director General), Evgeny Chechelnitsky (Deputy Director General), Vladimir Zhelonkin (Deputy Director General)

External links

• Svyazinvest - Official site
• JSC Svyazinvest - History of the company in Russian