Rostelecom to acquire a 51% stake in VoiceLink.

Rostelecom, a Russian long-distance telephony provider, agreed to acquire a 51% stake in VoiceLink, a smart road traffic control systems provider. Financial terms were not disclosed. "With the acquisition of VoiceLink, Rostelecom powers on with its strategy to continue developing its smart services family. Our principal growth engine, this business segment is continuously boasting double-digit growth rates in our revenue structure. The acquisition of VoiceLink further increases the Group's product positioning within the Smart and Safe City projects and makes a strong contribution to our strategy been to build expertise in smart transport systems engineering and construction. We are seeing a lot of opportunities to realise synergy effects through the promotion of smart products across our existing clients and within the national "Safe Roads" programme," Anna Shumeyko, Rostelecom Senior Vice President.