Russian state-backed telecoms operator Rostelecom has revealed a plan for buying out shareholders who disagree on its merger with holding company Svyazinvest at a market price premium.

Spokeswoman for the telecoms operator said that Rostelecom plans to purchase ordinary shares at 136.05 roubles and chose shares at 95.24 roubles.

Rostelecom is completing a deal to acquire state-run Svyazinvest. Once the deal is completed, Rostelecom will take all Svyainvest's assets and simplify its ownership structure, while the government still retains control of the company.

Rostelecom is a leading long-distance telephony provider in Russia whose telecommunication services include value-added and television solutions.