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Today — 18 may 2012 

CEO confirms Russia’s Rostelecom to list on LSE no earlier than May

MOSCOW, Feb 3 (PRIME) -- Major Russian telecommunications company Rostelecom’s President Alexander Provotorov confirmed Friday that the company plans to list on the London Stock Exchange (LSE) no earlier than in May.

“We are going to wait till May to make listing based on the annual report,” he said.

Rostelecom may also opt out of listing on a foreign exchange after the company surveys investors’ opinions, Provotorov said.

Russia’s RBC Daily reported earlier on Friday, citing sources, that Rostelecom was expected to delay its listing on the LSE till May or November.

Rostelecom currently trades on Russia’s recently merged MICEX-RTS stock exchange. The company’s free float accounts for about 44.1% of its common and 71.2% of its preferred shares.

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