ST. PETERSBURG, June 14 (RIA Novosti) - The head of Russia's government staff said Wednesday that the privatization of the giant Svyazinvest telecoms holding should not be rushed.
"I think that it would not be worth the state's while to hurry the privatization of a company such as Svyazinvest," Sergei Naryshkin told reporters at an international economic forum in Russia's second city.
The Russian Federal Property Fund holds 25% minus two shares in Svyazinvest, with 50% plus one share belonging to the Federal Property Management Agency and the remaining block held by Cyprus-based Mustcom Ltd.
Svyazinvest controls 51% in Rostelecom, Russia's largest long-distance telecom services provider (RTS: RTKM), and has a minority interest (28%) in Moscow City Telephone Network (RTS: MGTS).
