The revenues to the Svyazinvest company rose by 23.5 percent to RUR32.64bn ($1.07bn) in the first quarter of 2003, compared to those in the corresponding period of last year, a representative of the company reported. Svyazinvest's expenditures grew by 26.7 percent to RUR23.71bn ($775.6m). The profit from sales increased by 15.8 percent to RUR8.93bn ($292.12m).
The Svyazinvest holding company comprises 7 interregional telecommunication companies, the national and international long-distance operator Rostelecom, 6 communication operators that did not participate in the reorganization process, and the Giprosvyaz research institute for telecommunications. These companies have licenses to provide local, national long-distance and international long-distance telephone services, data transmission services, Internet access, ISDN, wireless access for users and cellular communication services.
Russian President Vladimir Putin, in his speech dedicated to the Day of the Russian Navy, recalled the threats that Russia is currently facing from a number of countries.