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Press-releases
28.06.10
RESULTS OF MTGS ANNUAL GENERAL MEETING OF SHAREHOLDERS
Moscow, Russia – June 28, 2010 – “COMSTAR – United TeleSystems” JSC (“Comstar” or “the Company”) (LSE: CMST), the largest integrated telecommunications provider in Moscow and 82 Russian cities, announces the decisions taken at the Annual General Meeting of OJSC Moscow City Telephone Network (“MGTS”) shareholders, which was held on June 28, 2010.  25.06.10
BOARD OF DIRECTORS OF COMSTAR-UTS APPROVES AGREEMENTS SIGNED WITH ROSTELECOM REGARDING THE SALE OF ITS STAKE IN SVYAZINVEST
Moscow, Russia – June 25, 2010 – “COMSTAR – United TeleSystems” JSC (“Comstar” or “the Group”) (LSE: CMST), the largest integrated telecommunications provider in Moscow and 82 Russian cities, announces that at a meeting held on June 25, 2010, its Board of Directors approved the purchase and sale agreement between OAO Rostelecom (“Rostelecom” - RTS and MICEX: RTKM, RTKMP; OTCQX: ROSYY) and Comstar, according to which Rostelecom will purchase the common shares of OAO Svyazinvest, which account for the 17.31% of its equity, for RUB 18 billion. 25.06.10
Proposed Merger of MTS and Comstar Voluntary Tender Offer by MTS for up to 9% of Comstar shares
Moscow, Russian Federation — The Boards of Directors of Mobile TeleSystems OJSC (“MTS” – NYSE: MBT), the leading telecommunications provider in Russia and the CIS, and COMSTAR – United TeleSystems JSC (“Comstar” - LSE: CMST), a leading supplier of integrated telecommunication solutions in Russia and the CIS, announce that they have approved and recommend the merger of MTS and Comstar. MTS currently owns 61.97% of Comstar (64.03% excluding treasury shares) and consolidates Comstar in its financial results. As a result of the statutory merger (“prisoedinenie” under Russian law), Comstar will be subsumed into MTS and will cease to exist as a separate legal entity. 23.06.10
COMSTAR NOTES RUSSIAN PRESS REPORTS
Moscow, Russia – June 23, 2010 – “COMSTAR – United TeleSystems” JSC (“Comstar” or “the Group”) (LSE: CMST) notes today’s Russian press reports and acknowledges that it is in discussions with its majority shareholder, Mobile TeleSystems OJSC (“MTS” – NYSE: MBT), regarding the potential consolidation by MTS of the outstanding minority shareholdings in Comstar. Certain terms outlined in the press reports do not reflect the terms currently being discussed. A decision regarding the consolidation could be taken at the next meeting of the Comstar Board of Directors, which is currently scheduled to take place on Friday June 25, 2010. 15.06.10
COMSTAR-REGIONS ACQUIRES PENZA TELECOM
Moscow, Russia – June 15, 2010 – “COMSTAR – United TeleSystems” JSC (“Comstar” or “the Group”) (LSE: CMST), the largest integrated telecommunications provider in Russia and the CIS, and a majority-owned subsidiary of MTS Group, today announced that its fully-owned subsidiary, Comstar-Regions, following approval by the Federal Antimonopoly Service on May 20, 2010, has completed the acquisition of 100% of Penza Telecommunications CJSC (“Penza Telecom”) for a total consideration of RUB 630 million (approximately US$ 19.9 million[1]), including RUB 43.8 million of Penza Telecom net debt.
[1] The Bank of Russia exchange rate 31.7302 Rubles (RUB) per US$ 1 as at 10.06.2010
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