Rostelecom postponed the IPO of its RTK-DPC cloud service. The president of the provider, Mikhail Oseevsky, explained this decision by saying that at the “current price of money” placement “is not a prospect for the near future,” Interfax reports.
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“We postpone [IPO]. We will be waiting for changes in the situation of the financial and stock markets. It is very difficult to say when it will happen,” Oseevsky said. He noted that the IPO will not take place in 2024.
The provider’s chief financial officer, Sergei Anokhin, said in May that Rostelecom planned to hold an initial public offering of RTK-DPC shares. In August, Oseevsky noted that the company’s subsidiary was “systematically moving toward an initial public offering.”
RTK-DPC develops cloud services and data center businesses. According to the consulting firm IKS-Consulting, Rostelecom’s share of the commercial data center market in 2024 was more than 30%.
At the end of October, the Board of Directors of the Central Bank increased the key interest rate by 200 basis points. p. – up to 21% annually. The regulator explained the measure as an attempt to “return inflation to the target.” Analysts surveyed by RB.RU said that at the end of 2024 the Central Bank could increase the interest rate to 22%.
Author:
Bogdan Muzychenko
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
