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Moscow, October 15, 2004. CenterTelecom has been ranked one of the ten leading companies according to the results of "The Russian companies’ information transparency in 2004" research conducted by Standard & Poor's .
Throughout this year CenterTelecom has raised the level of its transparency and information disclosure and was rated the tenth among the leading Russian companies in the corporate transparency rating published by Standard & Poor’s. According to the research of transparency results carried out by S&P in 2002, CenterTelecom was the sixteenth place, in 2003 - the thirteenth. The general level of the company’s information openness in 2004 is 62 %.
One of CenterTelecom’s major objectives in working with shareholders and investors is to always be in touch with the public interested in the Company’s success. We emphasize the availability, clarity, transparency and timeliness of the information disclosed. CenterTelecom regularly participates in activities aimed at increasing the information transparency, including regular meetings with analysts and investors, organization of press and Internet conferences as well as presentations.
CenterTelecom Transparency Rating
| Place |
General transparency level, % |
Per-item transparency level |
| 2004 |
2003 |
2002 |
2004 |
2003 |
2002 |
Ownership structure and investor relations, % |
Financial and operating information, % |
Board of Directors and management issues, % |
| 10 |
13 |
16 |
62 |
49 |
38 |
74 |
47 |
75 |
According to S&P leading experts, CenterTelecom rating has improved because of the Company’s intent to increase its investment appeal. The higher transparency index is explained by a greater availability of information on the shareholders rights, presentation of the Company’s information in English, including the English version of the reporting for the Federal Securities Commission.
Contacts:
CenterTelecom is a leading fixed communications company providing the entire range of telecommunication services in the Central Federal District where over 20 % of the population of Russia resides. CenterTelecom offers the full range of telecommunication services, including telephony service, the Internet, IP telephony, data communications, CATV, wired and VHF broadcasting. The company actively develops modern multiservice and SDH networks as well as new radio access systems. The Company trades on RTS (ESMO, ESMOP), Moscow Interbank Currency Exchange (CTEL, CTELP) and has ADR Level 1 common stock program (CRMUY).
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