Maxim Nogotkov, President of Svyaznoi told Vedomosti that the company had appointed Deutsche Bank AG to find a private investor for a potential stake sale. Svyaznoi is still in talks with a number of investors, who are interested to acquire a minor stake in it. Nogotkov said, “There are various plans for development, envisaging different volumes of investments.

We are ready to wait for a favorable moment to sell a stake in the company. Should the conditions be interesting, we could raise $600 million."