New chief for Rostelecom

Mikhail Oseevsky

Russian service provider Rostelecom has named Mikhail Oseevsky as president of the company, replacing Sergei Kalugin.

Oseevsky has been appointed to head the company for a five-year term, replacing Kalugin, who has served as Rostelecom chief since March 2013.

Under Kalugin, Rostelecom has undergone a major programme of investing in optical networks and building out broadband. The number of fibre broadband subscribers grew by a factor of 2.4, while the number of IPTV customers grew 2.7 times. The company is the largest operator in the country in both segments, claiming a 38% share of the broadband market and a 70% share of he IPTV market.

Oseevsky, a graduate of the M I Kalinin Leningrad Polytechnic Institute, was most recently deputy chairman of the VTB Bank, having previously served as deputy minister of economic development in the Russian government.