In compliance with the decision of the Board of Directors of OJSC North-West Telecom, the key provisions of the Report on measures taken in the framework of implementing the Capitalization Increase Concept of OJSC North-West Telecom for 2005 – 2007 for the year 2006 are published for the first time in the history of the Company on the official web site OJSC N.W.Telecom.

The Capitalization Increase Concept of OJSC North-West Telecom for 2005 – 2007 was approved by the Board of Directors of OJSC N.W.Telecom on 18th August 2005, minutes of the meeting No.19-01/21 (05).

In the framework of the Concept, the Company is constantly implementing a complex of measures aimed at increasing the liquidity and value of OJSC N.W.Telecom's securities, improving the information transparency and  corporate governance quality, etc.

The main goal of the Company is to ensure long-term investment attractiveness of OJSC North-West Telecom.

An abbreviation version of the Report is published on OJSC N.W.Telecom's corporate web site in the Investor and Shareholder section.