Bloomberg News

Rostelecom Vote Web Cams to Stoke Revenue Growth, President Says

March 13, 2012

OAO Rostelecom (ROSYY), the Russian phone company that set up video surveillance systems for the nation’s presidential election, will use the infrastructure as a way of boosting revenue growth, President Alexander Provotorov said.

The systems installed at polling booths, many of them in schools, will be used to provide similar services for regional and municipal elections and may be used as school security systems, the Moscow-based company said in a statement today. They could also be utilized to facilitate distance learning, Rostelecom said.

The 13-billion ruble ($440 million) contract to install the surveillance systems in more than 90,000 polling stations was the “largest yet in our industry,” Provotorov said, according to the statement. “The platform we developed to distribute video signals across Russia will provide Rostelecom with further revenue growth opportunities over the coming years.”

To contact the reporter on this story: Halia Pavliva in New York at hpavliva@bloomberg.net

To contact the editor responsible for this story: Emma O’Brien at eobrien6@bloomberg.net


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