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ROSTELECOM PJSC: Rostelecom acquires Russia's leading infrastructure player in smart transportation

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ROSTELECOM PJSC: Rostelecom acquires Russia's leading infrastructure player
in smart transportation

22-May-2020 / 13:04 MSK
Dissemination of a Regulatory Announcement that contains inside information
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

Rostelecom acquires Russia's leading infrastructure player in smart

Moscow, Russia - May 22, 2020 - Rostelecom PJSC (MOEX: RTKM, RTKMP; OTCQX:
ROSYY), the largest integrated digital service provider in Russia, today
announces that its subsidiary Bashinformsvyaz PJSC has signed an agreement
to acquire a 51% stake in VoiceLink LLC, a leading player in smart road
traffic control systems.

VoiceLink is a high-tech IT and system integration company, offering a full
range of products and services, including smart transport systems software
and integration for some major infrastructure Smart and Safe City projects.

Anna Shumeyko, Senior Vice President of Rostelecom, commented: "With the
acquisition of VoiceLink, Rostelecom powers on with its strategy to continue
developing its smart services family. Our principal growth engine, this
business segment is continuously boasting double-digit growth rates in our
revenue structure. The acquisition of VoiceLink further increases the
Group's product positioning within the Smart and Safe City projects and
makes a strong contribution to our strategy been to build expertise in smart
transport systems engineering and construction. We are seeing a lot of
opportunities to realise synergy effects through the promotion of smart
products across our existing clients and within the national "Safe Roads"

Further information is available at
https://www.company.rt.ru/en/ir/news_calendar/ [1].

* * *

Rostelecom [2] is the largest integrated digital services and products
provider, operating in all segments of the telecommunications market in
Russia. The Company serves millions of households, state and private
enterprises across the country.

Rostelecom is Russia's undisputed market leader, providing high-speed
Internet access and pay-TV. The total number of broadband users stands at
over 13.2 mln users, it has more than 10.5 mln pay-TV customers, over 5.7
mln of which are subscribed to Rostelecom's IPTV services. Tele2 Russia, a
Rostelecom subsidiary , is a major player in the mobile market with over 44
mln subscribers and the industry-leading NPS, a customer satisfaction

In the first quarter of 2020, the Group generated RUB 121.6 bln of revenues,
RUB 47.1 bln of OIBDA (38.7% of revenue) and RUB 7.7 bln of net income.

The Group is the leading provider of telecommunications services to
government bodies and corporates of all levels.

Rostelecom is a key strategic innovator that provides solutions in the
following fields: E-Government, cybersecurity, data-centers and cloud
computing, biometry, healthcare, education and housing & utility services.

The Group's stable financial position is confirmed by its credit ratings.
Rostelecom has been assigned 'BBB-' and 'BB+' international credit ratings
by Fitch Ratings and Standard & Poor's respectively, and AA(RU) by ACRA.

* * *

Certain statements in this press release are forward-looking statements
within the meaning of the U.S. federal securities laws and intended to be
covered by the safe harbours created thereby.

Those forward-looking statements include, but are not limited to:

? Assessment of PAO Rostelecom's (the Company) future operating and
financial results as well as forecasts of the present value of future cash
flows and related factors;

? The Company's plans to take ownership stakes in other organisations;

? the Company's anticipated capital expenditures and plans to construct
and modernize its network;

? the Company's expectations as to the growth in demand for its services,
plans relating to the expansion of the range of its services and their

? the Company's plans with respect to improving its corporate governance

? the Company's expectations as to its position in the telecommunications
market and forecasts on the development of the market segments within
which the Company operates;

? economic outlook and industry trends;

? the Company's expectations as to the regulation of the Russian
telecommunications industry and assessment of impact of regulatory
initiatives on the Company's activity;

? other statements regarding matters that are not historical facts.

Such forward-looking statements are subject to risks, uncertainties and
other factors, which could cause actual results to differ materially from
those expressed or implied by these forward-looking statements. These risks,
uncertainties and other factors include:

? risks relating to changes in political, economic and social conditions
in Russia as well as changes in global economic conditions;

? risks relating to Russian legislation, regulation and taxation,
including laws, regulations, decrees and decisions governing the Russian
telecommunications industry, securities industry as well as currency and
exchange controls relating to Russian entities and their official
interpretation by regulatory bodies;

? risks relating to the Company, including the achievement of the
anticipated results, levels of profitability and growth, ability to create
and meet demand for the Company's services including their promotions, and
the ability of the Company to remain competitive in a liberalized
telecommunications market;

? technological risks associated with the functioning and development of
the telecommunications infrastructure, technological innovations as well
as the convergence of technologies;

? other risks and uncertainties. For a more detailed discussion of these
and other factors, see the Company's Annual Report and the Company's other
public filings.

Many of these factors are beyond the Company's ability to control or
predict. Given these and other uncertainties, readers are cautioned not to
place undue reliance on any of the forward-looking statements contained
herein or otherwise. The Company does not undertake any obligation to
release publicly any revisions to these forward-looking statements (which
are made as of the date hereof) to reflect events or circumstances upon the
annual report publication or to reflect the occurrence of unanticipated
events, except as may be required under applicable laws.

ISIN: US7785291078
Category Code: ACQ
LEI Code: 2534001D752JPNM0H170
Sequence No.: 65445
EQS News ID: 1053375

End of Announcement EQS News Service

1: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=6415b37abbeaba846e8e06da62607d4f&application_id=1053375&site_id=vwd&application_name=news
2: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=2191e3bd109978bbadf8617de6d24ca7&application_id=1053375&site_id=vwd&application_name=news

(END) Dow Jones Newswires

May 22, 2020 06:04 ET ( 10:04 GMT)

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