The growing value of the Russian telco Transtelekom (TTC) means it is unlikely to be privatised in the near future.
According to Vedomosti, the company, which is owned by Russian Railways, is currently worth around $1.45 billion at current exchange rates, compared to $800 million in 2012. What is more, it has tripled in value in the last three years, thanks largely to diversifying its business.
As of Q1 this year, TTC accounted for 4.7% of the fixed broadband market in Russia, with 1.31 million subscribers.
\There are two obstacles to a possible sale, namely its debt of around R17 billion (€362.7 million) and the fact that TTK’s backbone is owned by Russian Railways and would not be included in any deal.