25.12.2008, 18:49
Telecommunications Ministry Proposed to Invest Fund’s Resources
OREANDA-NEWS. December 25, 2008. The Telecommunications Ministry has proposed beginning to invest resources of the Russian Investment Fund of Information and Communication Technologies before the fund’s scheduled additional share issue, whereas the Economic Development Ministry opposes such a scheme. “We continue discussions with EDM which believes that despite the downtrend on the equity and investment markets, there is still a chance to raise funds from an additional stock offering” –Telecom Minister Igor Shegolev said at a press conference in Moscow Wednesday. “We are analyzing the situation with them and hope to come to an agreement by the end of January” – Shegolev said.
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