ROSTELECOM LAUNCHES A BETA VERSION OF ITS SEARCH ENGINE PLATFORM
Moscow, Russia – May 22, 2014 – Rostelecom OJSC (MOEX: RTKM,
RTKMP; OTCQX: ROSYY), Russia’s national telecommunications operator,
today announces that it has launched the beta version of its search
engine, Sputnik, at the St Petersburg International Economic Forum.
The Sputnik search engine focuses on socially important internet
services. It is designed to help Russian families who use the Internet
to help them with everyday tasks, but who are also increasingly
interacting with public services and social institutions online. Sputnik
has analysed more than 10 billion RuNet pages, selecting the most
authentic, complete and official sources of information.
Sergey Kalugin, President of Rostelecom, commented: “In accordance with
our strategy, we are entering the growing internet market, which is an
attractive area for all the major players in the telecom industry.
Sputnik’s task is to become a popular platform for finding socially
important information online, therefore helping to improve people’s
quality of life. This is a powerful new channel through which Rostelecom
is looking to engage with its consumers.”
Alexey Basov, Vice President of Rostelecom and Chairman of the Board of
Sputnik, also commented: “The way users are using the internet is
constantly evolving and usage is growing as new types of customers are
coming online. Rostelecom has all the resources necessary to develop
mass internet services to help people solve everyday problems and to
create opportunities for them to interact with state and public
institutions. Our task is to lead in this area and develop the most
up-to-date and relevant services for the Russian population.”
For more information please visit http://www.rostelecom.ru/en/ir
“Rostelecom Investor Relations / Rostelecom IR” application is
now available to download for free from the Apple App Store and Google
Investor Relations Department
Tel. +7 (499) 995 97 80
Sputnik is a socially-oriented search platform. LLC Sputnik is
the developer of the platform, with the subsidiary OJSC Rostelecom being
the controlling shareholder.
Sputnik’s team is currently made up of 150 technical specialists and
managers, who have developed and implemented new types of search
services. The project was born out of a start-up by IT enthusiasts,
which began operating in the mid-2000s. Sputnik started to cooperate
with Rostelecom in 2010, as Rostelecom was seeking opportunities to
enter new markets. Rostelecom began investing in the project in 2012,
and by 2013, Sputnik became a fully-fledged part of Rostelecom’s
strategy to provide a platform for mass socially-oriented services.
is one of the largest national telecommunications operators in Russia
and Europe. The Group operates in all segments of the telecommunications
market and covers more than 34 million households.
Rostelecom is an undisputable leader of the broadband and pay-TV markets
in Russia with over 10.6 million fixed-line broadband subscribers and
over 7.5 million pay-TV subscribers.
The Group generated RUB 325.7 billion of consolidated revenues, RUB
113.3 billion of OIBDA (34.8% of revenues) and RUB 24.1 billion of net
income for the 12 months ended December 31, 2013.
The Group is a market leader in providing telecommunications services to
government bodies and corporates of all levels. It is also an important
innovator that provides solutions in the field of medicine,
E-Government, cloud computing, education, security and housing & utility
Rostelecom was assigned ‘BBB-’ and ‘BB+’ international credit ratings by
Fitch Ratings and Standard & Poor’s respectively.
* * *
Management’s assessment of the Company’s future operating and
financial results as well as forecasts of the present value of future
cash flows and related factors;the Company’s anticipated capital expenditures and plans to
construct and modernize its network;the Company’s expectations as to the growth in demand for its
services, plans relating to the expansion of the range of its services
and their pricing;the Company’s plans with respect to improving its corporate
governance practices;the Company’s expectations as to its position in the
telecommunications market and the development of the market segments
within which the Company operates;economic outlook and industry trends;the Company’s expectations as to the regulation of the Russian
telecommunications industry and assessment of impact of regulatory
initiatives on the Company’s activity;other statements regarding matters that are not historical facts.
Certain statements in this press release are forward-looking
statements within the meaning of the U.S. federal securities laws and
are intended to be covered by the safe harbors created thereby.
Those forward-looking statements include, but are not limited to:
Such forward-looking statements are subject to risks, uncertainties
and other factors, which could cause actual results to differ materially
from those expressed or implied by these forward-looking statements.
These risks, uncertainties and other factors include:
risks relating to changes in political, economic and social
conditions in Russia as well as changes in global economic conditions;risks relating to Russian legislation, regulation and taxation,
including laws, regulations, decrees and decisions governing the
Russian telecommunications industry, securities industry as well as
currency and exchange controls relating to Russian entities and their
official interpretation by regulatory bodies;risks relating to the Company, including the achievement of the
anticipated results, levels of profitability and growth, ability to
create and meet demand for the Company’s services including their
promotions, and the ability of the Company to remain competitive in a
liberalized telecommunications market;technological risks associated with the functioning and development
of the telecommunications infrastructure, technological innovations as
well as the convergence of technologies;other risks and uncertainties. For a more detailed discussion of
these and other factors, see the Company’s Annual Report and the
Company’s other public filings.
Many of these factors are beyond the Company’s ability to control or
predict. Given these and other uncertainties, readers are cautioned not
to place undue reliance on any of the forward-looking statements
contained herein or otherwise. The Company does not undertake any
obligation to release publicly any revisions to these forward-looking
statements (which are made as of the date hereof) to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events, except as may be required under applicable laws.
Source: Rostelecom OJSC