Among the reasons for the possible early resignation of Sergey Kalugin as President of Rostelecom could be its negative attitude to the acquisition of the Russian state operator Tele2, according to sources RBC
Thursday, 16 February, “Vedomosti”, citing its sources reported that the Ministry of communications has prepared a Directive on changing the head of “Rostelecom” Sergey Kalugin and sent it for consideration of the government. According to the publication, the place of Kalugin, the Ministry has proposed the appointment of a Deputy Chairman of VTB Michael Tatarstan.
As told RBC source in the telecommunications market, the candidacy of Tatarstan for the post of head of Rostelecom “lobbying group VTB, which plans to back sell Tele2 to Rostelecom. At the same time, another source of RBC, close to the government, explained that the current head of the operator Sergey Kalugin opposed to acquiring “T2 RTK Holding” (a joint venture of Rostelecom and Tele2 Russia). The deal, according to him, is already “being actively discussed by the parties”.
“T2 RTC holding” was created in 2014 through the merger of the Russian Tele2 and mobile assets of “Rostelecom”. The state operator has received in the joint venture to 45%, the rest from a consortium of investors consisting of VTB, structures of Bank “Russia” Yuri Kovalchuk and “Severstal” Alexey Mordashov. In the middle of 2016, the company has stopped disclosing financial and operational performance of the operator. As explained RBC market participants, it could be due to negative results Tele2 after entering the Moscow market, which many analysts called a mistake. In particular, according to analysts Sberbank CIB, “T2 RTC holding” will not be able to recruit a sufficient number of subscribers in the capital and will remain a niche player. Across the country, “T2 RTK holding” takes the fourth place by number of subscribers, according to AC&M, with a share of 15%.
Another reason for possible early retirement of a top Manager of one of the interlocutors RBC called the fact that Kalugin “think more about the business performance of the company than on social pressures,” which “Rostelecom” had to take on as a company. However, the interlocutor of RBC, close to “Rostelecom”, considers the version about the reluctance to buy a “T2 RTK holding” VTB “more believable”.
Sergey Kalugin became President of Rostelecom in March 2013. It was awarded a two-year contract in March 2015, was extended for another three years.
The interlocutors RBC also talked about the impending early retirement Kalugina, but noted that he considered several candidates for this post. Who, exactly, they did not specify, but pointed to another potential candidate, the Chairman of the Board of Rosselkhozbank Dmitry Patrushev, son of the Secretary of security Council of Russia Nikolai Patrushev.
Representatives of the government, the presidential administration, the Ministry of communications and “Rostelecom” have refused comments. Representatives of VTB and Rosselkhozbank has not yet responded to questions RBC.