Svyaznoy is at risk of bankruptcy due to lawsuits for 14.3 billion rubles, which have been filed against the company since the beginning of 2022. To avoid bankruptcy, Svyaznoy needs to raise at least 3 billion rubles, which is unlikely. to be successful because of litigation, experts say.
About 79 lawsuits against Svyaznoy for a total of 14.3 billion rubles filed this year, Vedomosti writes with reference to data from the archiver of Arbitration Courts.
Claims against Svyaznoy were filed by Alfa-Bank for 6 billion rubles, Merlion for 5.6 billion rubles, Sovcombank for 2.4 billion rubles, and Rostelecom for 1 million rubles. These organizations are creditors and counterparties of Svyaznoy.
Svyaznoy needs to raise at least 3 billion rubles to avoid bankruptcy, says Eldar Murtazin, chief analyst at Mobile Research Group. It will be difficult for Svyaznoy to raise these funds from abroad due to ongoing litigation, the expert believes.
At the end of 2021, Svyaznoy received a record income of 105 billion rubles, with a net profit of 15.2 million rubles.
Author:
Kirill Bilyk
Source: RB
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