Page 9 - bne_Tech_10_2019

Leaders
October 2019 www.intellinews.com I Page 9
Russia's Rostelecom and VTB Bank eye big data platform
Russian integrated telecom major Rostelecom and country's second-largest state-controlled VTB Bank consider setting up a big data exchange platform, the head of Rostelecom Mikhail Ovseevsky told Vedomosti daily on October 14.
As reported by bne Intellinews, the deal of selling the stake in Tele2 mobile operator will bring
more integration between Rostelecom and VTB. Ovseevsky himself is a former top manager of VTB.
Reportedly VTB and Rostelecom plan to share and process big data on clients and user profiles, industry sources told Vedomosti. Other sources said that two state majors aim for a platform similar to Chinese WeChat, an ecosystem
that would allow a wide range of services and payment options in a single app.
Corporate majors such as Magnit retailer
(18.3% held by VTB), Tele2 (to be consolidated by Rostelecom), and Russian Post (49.99% held by VTB) could reportedly also join the platform. Other potential participants include PIK real estate developer, Sogaz insurer, and X5 Retail Group.
Most recently VTB pledged to pay 50% of IFRS net profit in dividends and said it aims to bridge the digital development gap with Sberbank. Sberbank is also planning its own digital ecosystem under Sber brand.
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