print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
 
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line


Get updates



Home  Issuers' Corner  Press Releases  Financial Corporation "Sistema" REGISTER LOG IN

Press Releases > Financial Corporation "Sistema"  all about the company

company search
all press releases
all Financial Corporation "Sistema" press releases

Financial Corporation "Sistema"

November 23, 2005

Sistema completes consolidation of its fixed-line telecommunications business

Moscow, Russia – November 23, 2005 – Sistema (LSE: SSA), the largest private sector consumer services company in Russia and the CIS, today announced the completion of the consolidation of its fixed-line telecommunications operators under Comstar United TeleSystems.

Comstar UTS now owns majority stakes in Sistema’s fixed-line businesses, including 99% of MTU-Inform, 100% of Telmos, 100% of MTU-Intel (including 100% of Golden Line) and 55.62% of MGTS. Comstar UTS paid for these acquisitions in the form of 255,919,860 newly issued shares, with Sistema acquiring 152,241,100 shares, ZAO UTS – 57,446,760 shares, ZAO UTS MGTS – 46,232,000 shares.

The shareholder structure of Comstar UTS post-consolidations is as follows: Sistema and its 100%-owned subsidiaries own 79.3% (Sistema – 54.58%, ZAO UTS – 20.59%, ECU Gest Holding – 4.13%), and MGTS and its 100%-owned subsidiary own 20.7% (ZAO UTS MGTS – 16.57%, MGTS – 4.13%).

 

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G H I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer