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News
10.03.10
COMSTAR-UTS LAUNCHES TELECOM SERVICES FOR ROSNEFT HQ IN MOSCOW
10 March 2010, Moscow. COMSTAR – United TeleSystems (COMSTAR-UTS OJSC, LSE: CMST), the major operator of integrated telecommunication services in Russia and the CIS, launches telecommunication services on the basis of their own next generation backbone network NGN (Next Generation Network) for OAO Rosneft HQ in Moscow.  09.03.10
COMSTAR INVITES TO JOIN THE FON CLUB
March 9, 2010, Moscow: COMSTAR – United TeleSystems (COMSTAR-UTS, LSE: CMST), the leading operator of integrated telecom services in Russia and the CIS, announces launching of a quiz titled “FON – communication in the city” for subscribers of the COMSTAR-FON service. 03.03.10
COMSTAR ELECTS NEW BOARD OF DIRECTORS
Moscow, Russia – March 3, 2010 – “COMSTAR – United TeleSystems” JSC (“Comstar” or “the Group”) (LSE: CMST), the largest integrated telecommunications service provider in Moscow and 69 Russian cities, today announced that its the Extraordinary General Meeting of Shareholders (“EGM”), held on March 3, 2010 has elected a new Board of Directors. 02.03.10
COMSTAR-UTS AND UKRAINIAN MOBILE COMMUNICATIONS SIGH A NETWORK INTERCONNECTION AGREEMENT
March 2, 2010, Moscow: COMSTAR – United TeleSystems (COMSTAR-UTS, LSE: CMST), the leading operator of integrated telecommunication services in Russia and the CIS, announces that COMSTAR-UTS and Ukrainian Mobile Communications, a subsidiary of Mobile TeleSystems (MTS), have signed a network interconnection and telecom service agreement. 25.02.10
COMSTAR ACQUIRES MINORITY SHAREHOLDING IN ITS YEKATERINBURG-BASED SUBSIDIARIES
Moscow, Russia – February 25, 2010 – “COMSTAR – United TeleSystems” JSC (“Comstar” or “the Group”) (LSE: CMST), the largest integrated telecommunications service provider in Moscow and 69 Russian cities, today announced that its wholly-owned subsidiary Comstar-Regions has completed the cash acquisitions of the outstanding 20% minority stake in Yekaterinburg-based cable-TV and communications operator EuroTel LLC and a 25% minority stake in ‘Management and Leasing’ LLC, which owns communication infrastructure in Yekaterinburg. Comstar now owns 100% of the issued share capital in both companies. The total cash consideration for the two related acquisitions is RUB 100 million (US$ 3.33 million [1]).
[1] Bank of Russia’s US$-RUB exchange rate as at February 25, 2010 18.02.10
COMSTAR–UTS ENHANCES CAPACITY OF DISTANT TELECOM CENTER IN FRANKFURT AM MAIN
February 18, 2009, Moscow: COMSTAR – United TeleSystems (JSC COMSTAR-UTS, LSE: CMST), the leading supplier of integrated telecommunication solutions in Russia and the CIS, announced the accomplishment of equipment upgrade for provision of inter-urban and international communication in the ancotel GmbH interconnectivity center in Frankfurt am Main. 16.02.10
BOARD OF DIRECTORS OF MGTS RECOMMENDS DIVIDENDS PAYMENT ON PREFERRED SHARES
Moscow, Russia – February 16, 2010 – “COMSTAR – United TeleSystems” JSC (“Comstar” or “the Group”) (LSE: CMST), the largest integrated telecommunications provider in Moscow and 69 Russian cities, today announced that the Board of Directors (the “Board”) of Moscow City Telephone Network (“MGTS”) subsidiary, set the date for MGTS’s Extraordinary General Meeting of Shareholders (“EGM”) for March 26, 2010. Comstar owns 69.93% of MGTS share capital (or 69.96% of total number of ordinary shares and 69.75% of total number of preferred shares). 16.02.10
COMSTAR ACQUIRES TENZOR TELECOM AND ENTERS YAROSLAVL MARKET
Moscow, Russia – February 16, 2010 – “COMSTAR – United TeleSystems” JSC (“Comstar” or “the Group”) (LSE: CMST), the largest integrated telecommunications service provider in Moscow and 69 Russian cities, today announced that it has completed the acquisition of 100% of Tenzor Telecom LLC in Yaroslavl in Central Russia for RUB 220 million (approximately US$ 7.3 million[1]). At the time of acquisition, Tenzor Telecom had a net debt of RUB 32.7 million, and the deal was made at a 2009 EV/OIBDA multiple of 4.65x.
[1] Bank of Russia’s US$-RUB exchange rate as at February 15, 2010
11.02.10
COMSTAR DEVELOPS LONG-DISTANCE CALL SERVICES IN VELIKY NOVGOROD
February 11, 2010, Moscow, Veliky Novgorod: COMSTAR – United TeleSystems (COMSTAR-UTS, LSE: CMST), the leading provider of integrated telecommunication services in Russia and the CIS, announces that Novgorod Communication Services Center of COMSTAR-Regions North-West (COMSTAR-Regions is a 100% subsidiary of COMSTAR-UTS) has launched its intercity and international call services for Novgorod’s residents and business entities. 11.02.10
COMSTAR UPGRADES NETWORK IN VELIKY NOVGOROD
February 11, 2010, Moscow, Saint-Petersburg, Veliky Novgorod: COMSTAR – United TeleSystems (COMSTAR-UTS, LSE: CMST), the leading provider of integrated telecommunication services in Russia and the CIS, informs that Novgorod Communication Services Center (CSC) of COMSTAR-Regions North-West (COMSTAR-Regions is a 100% subsidiary of COMSTAR-UTS), operating under the STREAM brand, has finished its telecom networks upgrade program announced earlier. |