Rostelecom Reveals All to List on Big Board, But Can It EverBecome a Benchmark in Russia?Barron’s, March 2, 1998A decade ago, foreign telecommunications companies often were seen as proxies foremerging stock markets. This was especially true in Mexico (Telmex) and in time becamethe norm in Brazil (Telebras). Subsequently, there was a glut of telecom privatizations, andportfolio managers began to rate them on a harsh, global scale, rejecting some for cold,analytical reasons.Rostelecom , which dominates Russian long-distance and international services and isupgrading its infrastructure, is a slightly different story. Potential investors in this stock firstmust weigh potential risks in chaotic Russia itself, which seems to be pulling out of a longeconomic slump. Then there are aspects of Rostelecom that were disclosed in a lengthydocument that led to its February 17 listing of American depositary shares on the New YorkStock Exchange.
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New York Stock Exchange, Big Board, telecommunications companies, Rostelecom, foreign telecommunications companies