Operator Rostelecom announced the rejection of the six-month moratorium on bankruptcy, which was introduced by the Russian Government on April 1 of this year. The renunciation of the moratorium will allow the company to retain the right to pay dividends or conduct share buyback.

Rostelecom's management proposes to pay a dividend of ₽4.56 per share for 2021, the company's president Mikhail Oseevsky said. The size of the recommended payment corresponds to 50% of IFRS profit in accordance with the government's requirements on the amount of dividends for state companies. At the beginning of March, he said that the management considered...

Rostelecom acquired BI Solutions, which develops software in the field of biometrics. BI Solutions' revenues in 2021 amounted to ₽57.7 million, which is 2.4 times higher than in the previous year. Net income increased 4.9 times to ₽22.8 million. Terms of the deal were not disclosed.

Operator Rostelecom will terminate its American Depositary Receipt program as of July 8 this year. Receipt holders may apply to Citibank, the depositary bank, for redemption of ADRs and receipt of Rostelecom shares.