Russia should develop the market of space services, Deputy Prime Minister Dmitry Rogozin said on Sunday commenting on the government’s order to establish the GLONASS joint stock company.
“Russia should receive benefits from its unique orbital group … and should develop the market of space services,” he tweeted.
The Russian government’s website reported earlier on Sunday that Prime Minister Dmitry Medvedev had signed an order on establishment of the GLONASS joint stock company, where the chartered capital would make 100 million roubles ($1.8 million). All the 100% of the shares will be owned by the state.
Russia’s most known satellite monitoring system - the Global Navigation Satellite System (GLONASS) was developed as an alternative to the US’ Global Positioning System (GPS), the EU’s future Galileo positioning system, and China’s future BeiDou positioning system.
At present, the GLONASS partnership comprises twelve companies, including state-controlled telecom giant Rostelecom, the Internet company Yandex and the country’s three largest mobile operators - MTS, MegaFon, and VimpelCom operating under the Beeline brand.