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    RTKM   RU0008943394

PUBLIC JOINT STOCK COMPANY ROSTELECOM

(RTKM)
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Public Joint Stock Rostelecom : Rostelecom acquired a leading Internet provider in Yekaterinburg and the Sverdlovsk region

08/24/2021 | 07:44am EST
Print version17.12.2020

Moscow, Russia - December 17, 2020 - Rostelecom group (MOEX: RTKM, RTKMP; OTCQX: ROSYY), the largest integrated digital service provider in Russia, today announces that it has acquired 100% shares of Sozvezdiye N, parent company of Planeta Group - the leading multi service operator in Yekaterinburg and the Sverdlovsk region. The enterprise value of the asset is equivalent to RUB 1.775 billion. 100% of Planeta Group has been consolidated in several stages by Sberbank Investments LLC in favor of Rostelecom group. The acquisition will strengthen Rostelecom's leading position in Yekaterinburg and the Sverdlovsk region.

The Planeta Group of companies is the leading provider of high-quality communication services, including high-speed Internet access, digital TV, voice services, hosted PBX, VPN and videosurveillance for consumers and businesses across the largest cities of the region. The subscriber base boasts around 100,000 households and over 6,000 business and state organisations. The Company's 2020 revenues are expected to exceed RUB 1 billion, while its OIBDA margin is in line with the Rostelecom Group level indicator.

Alexander Kolesnikov, VP for Affiliates Corporate Management and Assets at Rostelecom:
'The acquisition of Planeta Group of Companies is one of those targeted M&A deals that help strengthen our position in local broadband and pay-TV markets, where Rostelecom is the key national player. The acquisition presents a great opportunity to introduce Rostelecom's wide range of digital services to Planeta's clients, and both companies will benefit from synergy effects in the near term.'

Further information is available at https://www.company.rt.ru/en/ir/news_calendar/.

Disclaimer

OAO Rostelecom published this content on 24 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 August 2021 11:43:03 UTC.


ę Publicnow 2021
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Financials
Sales 2021 579 B 7 874 M 7 874 M
Net income 2021 36 470 M 496 M 496 M
Net Debt 2021 439 B 5 970 M 5 970 M
P/E ratio 2021 8,17x
Yield 2021 6,71%
Capitalization 289 B 3 916 M 3 928 M
EV / Sales 2021 1,26x
EV / Sales 2022 1,18x
Nbr of Employees 133 700
Free-Float 30,8%
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Mean consensus OUTPERFORM
Number of Analysts 13
Last Close Price 86,45 RUB
Average target price 116,27 RUB
Spread / Average Target 34,5%
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Managers and Directors
Mikhail Eduardovitch Oseevskiy President, Chairman-Management Board & Director
Sergey Anokhin Chief Financial Officer & Senior Vice President
Sergei Borisovich Ivanov Chairman
Alexey V. Sapunov Senior Vice President-Technical Infrastructure
Kirill A. Menshov Senior Vice President-Information Technology
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