* No immediate plans for additional share issue
* To pump investments into broadband, mobile
(Adds detail, CEO comment, background)
MOSCOW, April 5 (Reuters) - State-run Russian telecoms company Rostelecom wants to list up to 25 percent of its shares on a London exchange by the end of 2011.
"The idea is to have a listing, and the limit for the depository receipt programme is set by the law at 25 percent," chief executive Alexander Provotorov told reporters on Tuesday.
Rostelecom completed a restructuring last week that saw it merge with seven regional telecoms firms to become a national champion with over $9 billion in annual sales.
The 53 percent state-owned group has no plans for a secondary share placement and will finance its investment programme with cash flow and bank loans, Provotorov said.
"We will have big capital expenditure ... with priority attention to broadband and mobile," Provotorov said, adding capital expenditure will stand at 20 percent of sales in the next 4-5 years.
He gave no forecasts, saying only that Rostelecom would "definitely be no worse than main competitors" in terms of sales growth rates over the next five years and would improve profitability. (Reporting by Maria Kiselyova; Editing by Dan Lalor)