MOSCOW, September 28 (RIA Novosti) - The earnings of Svyazinvest, a big Russian telecommunications holding, in 2005 may increase 17% on last year to reach 7.6 billion rubles ($266.03 million), its general director said Wednesday.
Valery Yashin told an investors' conference in Moscow that the company's profit from the sale of services was expected at 1.82 billion rubles ($63.71 million), also 17% more than in 2004.
The state plans to sell its share in Svyazinvest (75% minus one share) and a deputy information technologies minister said earlier Wednesday it should be offered to a strategic investor.
