Rostelecom, Russia’s national long-distance telecommunications operator, today announced the acquisition of a controlling stake in Zebra Telecom.

Rostelecom has completed the acquisition of 99.99% of Zebra Telecom’s shares from Starford Investments Company Limited for a total cash purchase price of approximately USD 13.5 million.

Dmitry Yerokhin, General Director of Rostelecom, commented: "The acquisition of a controlling stake in Zebra Telecom is an important step towards further strengthening our competitive position in the retail market. It will enable the Company to increase its market presence, while substantially expanding the range of services to end-customers."