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According to the results of the study the general level of Russian companies' transparency has increased by 5% to 39% with relation to maximum level of disclosure (i.e. easily accessible disclosure of the major parameters of a company's operations, performance, and governance structures).
According to "Standard & Poor`s" the general level of "UTK" PJSC transparency has increased by 24% (from 33% to 57%), which is the best showing among the interregional telecoms. In terms of the level of information transparency "UTK" PJSC gives way only to five Russian companies (OJSC "Wimm-Bill-Dann", OJSC "MTS", OJSC "Rostelecom", OJSC "Vympelcom" and OJSC "Norilsk Nickel").
Results of the Transparency and Disclosure Survey of the 7 interregional telecom companies
| name |
rank in 2003 |
rank in 2002 |
total disclosure level in 2003, % |
blocks |
total disclosure level in 2002, % |
change of disclosure level, % |
| 1 |
2 |
3 |
| "UTK" PJSC |
6 |
22 |
57 |
71 |
50 |
52 |
33 |
+24 |
| Dalsvyaz |
7 |
- |
57 |
63 |
51 |
58 |
- |
- |
| SibirTelecom |
12 |
8 |
50 |
53 |
47 |
51 |
45 |
+5 |
| CenterTelecom |
13 |
16 |
49 |
54 |
47 |
46 |
38 |
+11 |
| Uralsvyazinform |
14 |
26 |
47 |
63 |
39 |
43 |
30 |
+17 |
| North-Western Telecom |
20 |
12 |
44 |
54 |
39 |
42 |
43 |
+1 |
| VolgaTelecom |
21 |
27 |
42 |
56 |
33 |
43 |
30 |
+12 |
1 - Ownership Structure and Investor Relations, %
2 - Financial and Operational Information, %
3 - Board and Management Structure and Process, %
According to 'Standard & Poor's' the telecommunications sector which has average disclosure level of 61% (versus 59 % in 2002) is the most transparent Russian industry.
You can find the complete text of the Transparency and Disclosure Survey of Russian companies by Standard & Poor's on the site: www.standardandpoors.ru. | 
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