Krasnodar, June 7, 2008:Southern Telecommunications Company (“UTK”) [(RTS: KUBN, KUBNP; ÌICEX: UTEL, UTELP; ADR OTC: STJSY, KUE FRA)], the principal fixed-line telecommunications provider for Russia’s Southern Federal District, reports that on 4^th June 2008 the Company paid out in full the second coupon income on the UTK 05-series bonds (UTK-05îb., ISIN -  RU000A0JP9K1).