Public Joint Stock Company Rostelecom (MISX:RTKM) agreed to acquire a 50.01% stake in BFT Holding for RUB 1.7 billion on October 25, 2021. The transaction will be completed in three tranches. BFT Holding will become part of the Rostelecom Group as its subsidiary. In 2020, BFT Holding posted a revenue of RUB 3.4 billion. Public Joint Stock Company Rostelecom will keep key staff and competences of BFT Holding unchanged. After fulfilling certain conditions, the transaction will be completed before 2023.