Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

VTB Names Ex-Rostelecom’s Alexander Provotorov Tele2 Russia CEO

VTB Names Ex-Rostelecom’s Alexander Provotorov Tele2 Russia CEO
Former OAO Rostelecom head Alexander Provotorov has been named as new Chief Executive Officer of Tele2 Russia. Photographer: Andrey Rudakov/Bloomberg

Tele2 Russia, the country’s fourth-largest wireless operator, named former OAO Rostelecom head Alexander Provotorov as chief executive officer, less than two months after VTB Group acquired the company for $3.6 billion.

Provotorov takes over from Jere Calmes, who was appointed by Stockholm-based Tele2 AB in February to head the Russian unit. Calmes will be first deputy CEO, in charge of operations, VTB said today in a statement.

Tele2 sold the unit to state-run lender VTB even as operators VimpelCom Ltd and OAO Mobile TeleSystems were offering a higher price. Provotorov was replaced as Rostelecom CEO by the government in March. He previously worked for Marshall Capital LLC, a 10.7 percent shareholder in Rostelecom.

“This is an unexpected twist, especially given that VTB and Marshall Capital have a history of tense relations,” Anna Lepetukhina, an analyst at Sberbank Investment Research, said in a note. In February, VTB lost a bid to have a fraud lawsuit involving Marshall Capital owner Konstantin Malofeev heard in London, where a court discharged an order that had frozen his assets.

“Provotorov has always advocated that the logical path for Rostelecom is to strengthen its position in the mobile business” and has supported a merger of Rostelecom and Tele2 Russia, Lepetukhina wrote. Rostelecom remains the most obvious candidate for an acquisition of Tele2 Russia, while “the ultimate outcome could be anything at this point,” she said.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.