Rostelecom privatisation plan puts focus on efficiency

As part of the Rostelecom privatisation plan,  the management of the state-run enterprises is aiming to maintain revenues and core profit margins at last year’s levels at the very least as it presses ahead with an efficiency drive before its possible sell-off  next year. Rostelecom, which recently spun off its mobile business into a joint venture with Tele2 Russia in order to focus on broadband and pay television, aims to grow revenues from its fixed-line businesses by 1-2% this year while matching last year’s 34.8% profit margin, it said at a presentation yesterday. The Moscow Times