Rostelecom to acquire a 51% stake in Forkam.

Rostelecom, a digital service provider, agreed to acquire a 51% stake in Forkam, a software developer. Financial terms were not disclosed. “Rostelecom has solidified its position of a leading provider of turnkey smart solutions in utility management. For a number of years, we have been supporting the Government of Moscow in the implementation of telemetry systems to control the transportation. The Forkam team and its software solutions have been a significant contributor to rendered services reconciliation, as well as data monitoring and transmission. The acquisition will support Forkam’s expansion across the country within Rostelecom’s similar projects," Anna Shumeiko, Rostelecom Senior Vice-President.