‘Uralsvyazinform’s falling stock prices have to do with the general market downfall. Besides, most telecommunication providers have recently been affected by the official statements that denied any possibility of Svyazinvest’s near privatization,’ FINAM Investment Company’s analyst Tatiana Menkova said to UrBC.

The stock market has gone through another major decline recently when RTS and MICEX indices fell by 7.51% down to 1,395.11 points and by 9.08% down to 1,158.07 points, respectively. Uralsvyazinform’s shares lost more or less the most, dropping by 12.5% by the end of the day. RTS ended up having to stop trading the company’s shares.

‘There is no fundamental reason for the company’s stock to plummet. Its last year’s performance was fairly good, the profits went up by 16%: somewhat of the average result, actually. (CenterTelecom, for instance, raised its profits by 14% despite the lack of quickly growing mobile segment.)

Tatiana Menkova says the dropping stock prices aren’t affecting the company’s profits, so Uralsvyazinform will keep up with its social activity as usual.

‘On the other hand, the decreased capitalization might limit the company’s loan options a little bit. Banks however, are more interested in a borrower’s liabilities and revenues,’ she added.