Rostelecom (OTCQX:ROSYY) was the first company I wrote about on Seeking Alpha a year ago, and since that time many interesting things have happened. The company moved its business from fixed-line to digital services more rapidly than I expected, which is a result of a surprisingly good job by management. Also, the upcoming Rostelecom-Tele2 deal can be potentially lucrative, as Tele2 is the only Russian telecom operator showing stable user base growth. However, the final terms of the deal and how well the M&A potential will be used would play a crucial role