Rostelecom, Yadro to set up JV for cloud technologies
MOSCOW, Sep 16 (PRIME) -- Russian state-controlled telecom operator Rostelecom and firm Yadro, a unit of X-Holding, will set up a joint venture to develop digital products for large corporate clients and the state sector, the operator said on Wednesday in a statement.
УNew joint venture Cloud Platform, whose work will expand the business direction of RostelecomТs data processing centers, will be created by merging of units of Rostelecom and Yadro Ц firms Tionix and Digital Energy, respectively,Ф the statement read.
Rostelecom will get 51% in the new entity, and Yadro will get 49%.
The partners have already started developing a common platform solution to satisfy demand of large corporate clients and the state entities that are on the way of digital transformation.