Get the latest updates as we post them — right on your browser

. Last Updated: 07/27/2016

Telecom Stake Division

MOSCOW () -- Russia plans to divide a 25 percent stake to be auctioned in telecoms holding company Svyazinvest into smaller packets, local media have quoted State Property Committee head Alfred Kokh as saying.

A Kokh aide said she could not confirm or deny Wednesday's reports, since Kokh was unavailable, and a spokesman for the Russian Privatization Center declined to comment on the remarks.

Media reports were unclear whether Kokh meant the stake would be divided by quantity into smaller lots of Svyazinvest shares or whether the nature of the offering would be changed by assigning lots to stakes in specific regional carriers.