LSR Group and Rostelecom signs strategic partnership agreement
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10 June 2019
On 8 June 2019, PJSC LSR Group (“LSR” or the “Company”), one of the leading real estate developers and building materials producers in Russia, and Rostelecom PJSC signed a strategic partnership agreement during the St. Petersburg International Economic Forum. The agreement was signed by Maxim Sokolov, CEO of LSR Group, and Mikhail Oseevsky, CEO and President of Rostelecom.
LSR Group will promote smart information services in the construction industry in partnership with Rostelecom, the largest digital service provider in Russia. Within the framework of the agreement, both companies will focus on the development of cloud infrastructure and information security across the industry, both parties will also introduce a common approach to the provision of digital services, they will jointly test technologies, and a solutions platform will be developed to meet the needs of customers of both LSR and Rostelecom.
Maxim Sokolov, CEO of LSR Group, commented: “It is impossible these days to imagine our daily life without digital technologies, and this strategic partnership reflects LSR Group’s focus on providing customers with the latest digital solutions.
“Property owners these days receive apartments that are already equipped with all the necessary digital infrastructure, and this has become a new norm. But this is not the limit for us at LSR. Many properties in our large-scale project “New Okhta” in St. Petersburg are equipped with the Smart Home system, which provides access to an open Internet network and digital television, along with access to an automated system that collects data from water and heating meters. I am confident that through our partnership with Rostelecom, we will be able to offer our future residents the most convenient and efficient digital ecosystem to meet their daily needs.”
For more information please contact:
Investor Relations
Igor Tsoy
Director of Investor Relations and Sustainable Development
E-mail: IR@lsrgroup. ru
LSR Group Press Service
E-mail: press@lsrgroup.ru
www.lsrgroup.ru