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ERA-GLONASS’ strategy has been recently discussed at a meeting held by Kremlin’s Chief of Staff Sergei Ivanov, a source with the knowledge of the situation told the daily.
“The Transportation Ministry suggested creating the ERA-GLONASS operator as a public-private partnership by creating a joint stock company from GLONASS with a further expansion of the number of shareholders through a placement of new shares,” the source said.
At present, the GLONASS partnership comprises 12 companies, including state-controlled telecom giant Rostelecom, Internet company Yandex and the country’s three largest mobile operators - MTS, MegaFon and VimpelCom, operating under the Beeline brand.
The partnership has not yet been valued, but the government has spent 3.9 billion rubles on the infrastructure of ERA-GLONASS and now spends 500-600 million rubles on its maintenance. The system needs another 3.5-4.0 billion rubles for the development.