Kirovelectrosvyaz (VolgaTelecom) (merged)

active

Kirovelectrosvyaz is the regional telecom operator in the Kirov Region, located in the North-East of Russia. The region is primarily urban, with a population of 1.7 million. Kirovelectrosvyaz provides basic local telephone services. It also provides national and international services through Rostelecom. Kirovelectrosvyaz have started the installation of fiber-optic cables and microwave towers that will allow it to bypass Rostelecom in national services. Kirovelectrosvyaz was privatized in December 1993, after the formation of Svyazinvest, the national holding company. Svyazinform held 38% of the common stock, and 51% of the voting rights by 1998. The rest of the common shares and voting stock was distributed as follows: Pioneer Fund (7.7%, 10.1%); Treasurt Stovck (10%, 13.5%); Management (3.5%, 5%); employees and private investors (11.3%, 15.1%); other (4.2%; 5.6%). Kirovelectrosvyaz operated 254,000 lines by 1998. The company is also involved in a NMT 450 cellular network operation. Kirovelectrosvyaz holds 51% of the Vyatskaya Cellular communications, and is partners with Moscow Cellular Network (40%), and Radiotekhnika (9%). Became a branch of JSC VolgaTelecom in November 2002.