Telecommunication Investment Joint Stock Company is one of the largest telecom holding companies in the world. Its charter capital was formed by consolidation of shares owned by the federal government in regional telecom operators, set up in the process of telecom sector privatization. Svyazinvest incorporates 7 large mega-regional telecom operators, and Rostelecom, the national domestic long-distance and international operator. Svyazinvest network covers nearly the whole of Russia and its capacity makes up over 90% of the total country`s capacity.