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  COMSTAR - UTS REGISTER LOG IN

Press Releases > COMSTAR - UTS  all about the company

company search
all press releases
all COMSTAR - UTS press releases

COMSTAR - UTS

December 18, 2007

Comstar signs up over forty thousand broadband users in Russian regions

Moscow, Russia – December 18, 2007 – “COMSTAR – United TeleSystems” JSC (“Comstar” or “the Company”) (LSE: CMST), the leading combined telecommunications operator in Russia and the CIS, today announced that its broadband subscriber base has exceeded 40,000 users in the Russian regions, reflecting a 70% growth year on year.

Digital Telephone Networks South (“DTN”), the largest alternative telecommunications operator in the Southern Federal District of Russia, accounts for over 30,000 of Comstar’s broadband subscribers in the regions. Acquired in the second half of 2007 and 100% owned by Comstar, DTN offers telecommunication services, Internet access and Pay-TV in Rostov-on-Don, Rostov region and Krasnodar. Comstar also provides broadband services in St Petersburg, the Samara, Saratov, Tyumen and Orenburg regions, as well as in the Yamalo-Nenets and Khanti-Mansi Autonomous Areas.

Comstar Group companies started offering broadband services in the second half of 2007 based on their own NGN infrastructure in the regions.

Comstar’s Tyumen branch created on the basis of Tyumenneftegassvyaz more than tripled its subscriber base due to the active development of ADSL-based services during the second half of 2007. Tyumen branch is planning to increase its broadband access points by 10,000 ports in 2008. In September, Saratov branch launched an IP MPLS-based NGN network which consists of 22 access points and covers the whole city. The branch also launched the telematic access points network based on ADSL2+ technology which comprises 37 access points and 5,000 ports. It signed up 2,500 subscribers in the three month period and continues to maintain high sales volumes. The management expects that this rollout will allow the Company to increase its market share in Saratov to around 10% by the end of 2007, compared to 1% at the beginning of 2007.

Viktor Koresh, Vice President for the Development of the Group’s Operations, commented: “The level of broadband subscriber growth in the regions in the second half of 2007 indicates a strong demand for these services. We view high-speed internet acces as the main growth driver of the Russian telecommunications market today. We plan to develop broadband services, based on our own infrastructure, through both organic growth and scale acquisitions of leading regional operators. We aim to increase our share in the alternative fixed-line communications market up to 25%.”

 

 

 

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