Finance Ministry Proposes to Bring Interested Operators in “GLONASS” Capital

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The Russian Finance Ministry proposes to give to MTS, “VimpelCom”, “MegaFon”, “Rostelecom” and “Rostec” the right of entering the capital of the state “GLONASS” OJSC, which is created for the commercialization of infrastructure of emergency response system in case of accident ERA-GLONASS. The state has already spent on it more than 4 billion rubles and in terms of the budget deficit is trying to shift the development of ERA-GLONASS to market participants, the newspaper “Kommersant” reports.

The “Roadmap” of the measures to create the open joint stock company provided financing in the amount of 1.95 billion rubles in 2014-2017, respectively. And four years later, when the gross income of the open joint stock company will reach 5 billion rubles, the “Roadmap” provides for the transition of society to self-sufficiency.

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Posted on October 8, 2014, in General News, Space Industry News. Bookmark the permalink. Leave a comment.

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