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Rostelecom has appointed JPMorgan successor depositary for its Level II American Depositary Receipt (ADR) program
Rostelecom is Russia’s largest fixed-line telecommunications operator. It owns and operates an up-to-date digital trunk network across the country. Outside of Moscow, Rostelecom acts as a carriers’ carrier interconnecting all local public operators’ networks into a unified transnational network. In Moscow, Rostelecom provides domestic long-distance (DLD) and international (ILD) services to end-users through the last-mile infrastructure of a local provider and bills customers directly. Rostelecom is the only Russian operator licensed to carry international traffic, both outgoing and incoming. The Company participates in 28 international cable systems and deals with 295 international operators.
For the fiscal year ended December 31, 2001, Rostelecom’s consolidated revenues were $837.5 million and net profit was $132.4 million.
Government-controlled holding company Svyazinvest owns 38% (51% of voting stock) in Rostelecom. The free-float includes 49% of the common shares and 100% of the preferred shares. Level II ADR program on common shares is listed on NYSE (ticker: ROS). Each Rostelecom ADR (CUSIP 778529107) represents 6 ordinary shares traded on the Russian Trading System. Rostelecom ADRs are also traded on major European stock exchanges, including London and Frankfurt Stock Exchanges.
For additional information on the Company as well as its ADRs and shares, please visit Rostelecom’s “Investor Centre” at www.rt.ru/en/icenter.
J.P. Morgan Chase & Co. is a leading global financial services firm with assets of $742 billion and operations in more than 50 countries. The firm is a leader in investment banking, asset management, private banking, private equity, custody and transaction services and retail and middle market financial services. A component of the Dow Jones Industrial Average, JPMorgan Chase is headquartered in New York and serves more than 30 million consumer customers and the world's most prominent corporate, institutional and government clients. For more information, visit jpmorganchase.com and JPMorgan’s adr.com, the central source for information on ADRs and international equities.
In 2002, JPMorgan marks the 75th anniversary of the ADR, the security it created in 1927 to facilitate international equity investment for U.S. investors. JPMorgan’s Global ADRenalin equity research is available through the Bloomberg Professional? service under “ADRJ.” The pricing and constituent list for the S&P ADR Index, an investable ADR index developed with JPMorgan, is available at adr.com and spglobal.com. |
