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Uralsvyazinform

February 28, 2006

Uralsvyazinform: preliminary results of 2005

Ekaterinburg – February 28, 2006 – Uralsvyazinform (RTS: URSI/URSIP, ADR: UVYZY/UVYPY) – the largest carrier of fixed-line and mobile services in Urals region, presents the preliminary unaudited financial and operational results as of 2005 prepared under Russian Accounting Standards (RAS).

Due to the consolidation of subsidiaries into parent Uralsvyazinform that took place in June 30, 2005, the financial statements of OAO “Uralsvyazinform” as of 2005 under Russian Accounting Standards comprise the rights, liabilities and results of ZAO “Ermak RMS”, OOO “Yuzhno-Uralsky Sotovy Telefon” (UST), ZAO “Tyumenruscom” (mobile businesses) and OOO “Uralcom”, ZAO “VSNET” (data transmission), all of which were presented as of the first half of 2005.

 - Revenues increased by 26% over 2004. Further subscriber additions, both in fixed-line and GSM, increased local rates (monthly subscription fees for local services), revenue gains from new services (broadband internet, intelligent networks, cable TV), and growth of DLD/ILD traffic were the main growth drivers.

 - OIBDA was up 20% on 2004. As of 2005, OIBDA margin was 34%. Operating margin declined to 25%. Higher expenditure is due to the expenses of consolidated subsidiaries that were included in the financial statements of OAO “Uralsvyazinform” since July 1, 2005.

 - Revenues growth in the main business segments totaled:

 - Local services – 20%;

 - DLD/ILD – 4%;

 - Mobile services – 240%;

 - New services – 91%;

 - At the year-end, overall subscriber base totaled 7.3 million, including 3.7 mln in GSM.

 - Capex amounted to RUR 9,936.3 million (up 6% on 2004).

 

Key financial and operational results


Anatoly UFIMKIN, CEO: ‘In general, we have met the targets and plans for the year. In 2005, we completed a large-scale reorganization plan that enabled us to operate as a truly single unit where all lines of business are joined together – fixed-line and mobile communications, data and new services. Today, it is our mobile and data transmission businesses that are pushing the company’s growth. We will continue our efforts in these business areas in 2006’.

 

 

 

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