CenterTelecom  |
|
| Compilation Date: | 11 Dec 25 |
Company Overview
General Info | |
| Full Company Name | JSC "Central Telecommunication Company" |
| Industrial Group | Telecommunications |
| Number of Employees | 52,730 |
| Registration Date | 23 Jul 97 |
| Registered Address | 23, Proletarskaya St., Khimki, Moscow Region, 141400 |
| Main Office | 2, Bld., 6, Degtyarny Per., GSP-3, Moscow, 125993 |
| Telephone / Fax | (095) 209-3434, 209-5721, 793-2654 / (095) 209-3007 |
| e-mail | info@centertelecom.ru kalin@centertelecom.ru |
| Internet Home Page | www.centertelecom.ru |
| Registrar | JSC "United Registration Company" |
| Auditor | LLC "CATR-audit services" |
| Financial Adviser | n. a. |
| Legal Adviser | n. a. |
|
Corporate Management |
| Chairman of the Board | Aleksandr Kiselev | | General Director | Vaagn Martirosyan |
Price Highlights | |
| Price per Common Share, USD | 0.957575 |
| YTD Price Change, % | n.t. |
| P/E Ratio | n.a. |
| Market Capitalization, USD | n.a. |
| Common Shares in Free Float, % | 39.72 |
Operations Summary | |
CenterTelecom (formerly Moscow Regional Elektrosvyaz) serves the central European region of Russia, which is the most densely populated area of the country, holding about 20% of the total population. Although it began its operation as regional postal authority in 1886, the company currently operates as a joint stock company. On December 1, 2002, 16 telecommunications operators of the central European region of Russia were amalgamated into CenterTelecom according to the restructuring program of telecom giant Svyazinvest. After the merger, all regional operators became branches of CenterTelecom. Combining regional telecom companies into CenterTelecom made it one of the biggest fixed-line telecom operators in Russia. As of April 1, 2005, the company operates more than 6.8 million installed access lines and 3 million broadcasting points. CenterTelecom provides a wide range of telecommunications services, including traditional telephone services, Internet, IP telephony, data transmission, wave and cable television, and wired and VHF radio broadcasting. The company also leases lines and other resources, as well as providing connection to a general purpose network for other telecom operators. CenterTelecom is planning to implement fiber-optic lines, SDH networks, and advanced wireless access systems in all regions it covers. In 2004, the company’s regional market share was 91% in local communications, 85% in long-distance telecommunications, and 64% in new services (IP, VPN, Internet and others). In 2004, CenterTelecom’s capital investments were RUR9.4 billion, of which 73% is debt capital. In 2005, the company plans to invest about RUR3.8 billion in its development. Also, CenterTelecom intends to install 597,000 access lines and increase telephones by 360,000. |
Shares Information
Charter Capital Structure |
| Type of Share | Shares Outstanding | Nominal Value |
| Information is not available yet. |
Major Shareholders |
| Name | % of Voting Stock | % of Charter Capital |
| JSC "Telecommunications Investment Company" | n. a. | 38.02 | | Closed JSC "Citibank" | n. a. | 12.28 | | UBS AG | n. a. | 10.72 | | Natural Persons | n. a. | 8.79 | | Closed JSC "Depository Clearing Company" | n. a. | 8.24 | | Russian Federal Property Fund | n. a. | 7.19 | | ING Bank | n. a. | 6.79 | | Natural Persons - CenterTelecom Employees | n. a. | 3.73 | | Closed JSC "The National Depository Center" | n. a. | 2.67 | | Deutsche Bank Ltd. | n. a. | 1.32 | | J.P. Morgan International Capital Corp. | n. a. | 0.99 | | Closed JSC "Promsvyazbank" | n. a. | 0.93 | | ENR Holdings Ltd. | n. a. | 0.47 | | Closed JSC "Oskoltelecom" | n. a. | 0.34 | | Closed JSC "Bank Societe Generale Vostok" | n. a. | 0.29 | | Legal entities | n. a. | 0.21 |
Equity Positions in Other Companies |
| Name | % of Charter Capital |
| JSC "Russian Telecommunication Network" | 100.00 | | Closed JSC "ATS" | 100.00 | | MobilCom Ltd. | 100.00 | | Teleport-Ivanovo Ltd. | 100.00 | | Closed JSC "Telecom-R" | 100.00 | | Telecom-Stroy Ltd. | 100.00 | | Telecom-Terminal Ltd. | 100.00 | | Closed JSC "Vladimir Teleservice" | 100.00 | | Tver-Telecom Ltd. | 85.00 | | Svyaz-Service-Irga Ltd. | 70.00 | | Vladimirsky Taxophon Ltd. | 51.00 | | Closed JSC "Telecom of Ryazan Region" | 50.90 | | JSC "RINFOTELS Telecommunication Company" | 26.00 | | JSC "Komset" | 5.17 |
Dividends History |
| Period | Payment per Share, USD | Number of Shares | Ex-Date | Payment Date | Payout Ratio, % | Dividend Yield, % |
| 1995 / com | 2.70015 | 451,601 | n. a. | 31 Dec 96 | n. a. | n. a. | | 1995 / pref | 10.8006 | 154,658 | n. a. | 31 Dec 96 | n. a. | n. a. | | 1995 / pref.B | 6.0765 | 12,372 | n. a. | 01 May 96 | n. a. | n. a. | | 1996 / com | 2.5167 | 451,601 | 16 May 97 | 31 Dec 97 | n. a. | 798.952381 | | 1996 / pref | 13.4224 | 154,658 | 14 May 97 | 31 Dec 97 | n. a. | n. a. | | 1996 / pref.B | 6.942 | 12,372 | 16 May 97 | 01 May 97 | n. a. | n. a. | | 1997 / com | 0.000727 | 451,601 | 27 Mar 98 | 31 Dec 98 | 0.001543 | 0.119255 | | 1997 / pref | 0.004001 | 154,658 | 27 Mar 98 | 31 Dec 98 | 0.002906 | n. a. | | 1997 / pref.B | 6.734048 | 12,372 | 27 Mar 98 | 01 May 98 | 0.39133 | n. a. | | 1998 / com | 0.814814 | 451,601 | 24 Mar 99 | 31 Dec 99 | 2.25346 | 1,894.916279 | | 1998 / pref | 3.925922 | 154,658 | 24 Mar 99 | 31 Dec 99 | 3.718353 | 20,899.238754 | | 1998 / pref.B | 2.187363 | 12,372 | 26 Mar 99 | 01 May 99 | 0.165729 | n. a. | | 1999 / com | 1.42044 | 451,601 | 11 May 00 | 31 Dec 00 | 6.300399 | 1,420.44 | | 1999 / pref | 5.823804 | 154,658 | 11 May 00 | 31 Dec 00 | 8.846458 | 17,128.835294 | | 1999 / pref.B | 2.884268 | 12,372 | 11 May 00 | 01 May 00 | 0.350482 | n. a. | | 2000 / com | 1.096566 | 451,601 | 13 Apr 01 | 31 Dec 01 | 6.350804 | 995.972707 | | 2000 / pref | 4.847672 | 154,658 | 13 Apr 02 | 31 Jul 01 | 9.614898 | 12,673.651895 | | 2000 / pref.B | 2.460625 | 12,372 | 04 Apr 01 | 01 May 01 | 0.390413 | n. a. | | 2001 / com | 0.000818 | 463,973,000 | 17 Apr 02 | 31 Dec 02 | 9.307358 | 0.348089 | | 2001 / pref | 0.002443 | 154,658,000 | 17 Apr 02 | 04 Aug 02 | 9.264011 | 2.660778 | | 2001 / pref.B | 0.001218 | 12,372,000 | 19 Apr 02 | 01 May 02 | 0.369568 | n. a. | | 2002 / com | 0.003259 | 1,578,006,833 | 04 May 03 | 31 Dec 03 | 199.749034 | 1.220696 | | 2002 / pref | 0.006793 | 525,992,822 | 04 May 03 | 23 Aug 03 | 138.77167 | 4.116991 | | 2003 / com | 0.004501 | 1,578,006,833 | 22 Apr 04 | 31 Dec 04 | 137.72695 | 1.268016 | | 2003 / pref | 0.00977 | 525,992,822 | 22 Apr 04 | 10 Aug 04 | 99.63582 | 3.947329 | | 2004 / com | 0.002215 | 1,578,006,833 | 12 May 05 | 29 Aug 05 | neg | 0.76898 | | 2004 / pref | 0.002658 | 525,992,822 | 12 May 05 | 29 Aug 05 | neg | 1.290119 | | 2005 / com | 0.002555 | 1,578,006,833 | 11 May 06 | 20 Dec 06 | neg | 0.526842 | | 2005 / pref | 0.004744 | 525,992,822 | 11 May 06 | 27 Aug 06 | neg | 1.031393 | | 2006 / com | 0.008086 | 1,578,006,833 | 03 May 07 | 20 Dec 07 | 16.927167 | 1.102248 | | 2006 / pref | 0.015125 | 525,992,822 | 03 May 07 | 17 Aug 07 | 10.553713 | 2.589794 | | 2007 / com | 0.012074 | 1,578,006,833 | 07 May 08 | 31 Dec 08 | 13.410174 | 1.357953 | | 2007 / pref | 0.02847 | 525,992,822 | 07 May 08 | 25 Aug 08 | 10.539532 | 4.612631 | | 2008 / com | 0.008125 | 1,578,006,833 | 17 Apr 09 | 31 Dec 09 | 12.332318 | 6.120326 | | 2008 / pref | 0.015833 | 525,992,822 | 17 Apr 09 | 05 Aug 09 | 8.010164 | 17.882348 | | 2009 / com | 0.015777 | 1,578,006,833 | 05 May 10 | 31 Dec 10 | 19.882311 | 2.607833 | | 2009 / pref | 0.031429 | 525,992,822 | 05 May 10 | 24 Aug 10 | 13.201672 | 6.789407 | | 9M10 / com | 0.016687 | 1,578,006,833 | 17 Sep 10 | 11 Jan 11 | 12.919224 | 1.923218 | | 9M10 / pref | 0.036628 | 525,992,822 | 17 Sep 10 | 11 Jan 11 | 9.452584 | 5.371878 |
Stock Market
Instruments on Exchanges |
| Type of Instrument | Ticker | ISIN | Market |
| CenterTelecom | ESMO | RU0009075840 | MICEX-RTS Class | | CenterTelecom | CTLK | RU0009075840 | MOEX | | CenterTelecom | ESMOG | RU0009075840 | RTS T+0 | | CenterTelecom ADR | T2T | US15548M1080 | Berlin Stock Ex | | CenterTelecom ADR | T2T | US15548M1080 | Frankfurt SE | | CenterTelecom ADR | CRMUY | US15548M1080 | US OTC | | CenterTelecom ADR | T2T | US15548M1080 | XETRA | | CenterTelecom pref | ESMOP | RU0009075857 | MICEX-RTS Class | | CenterTelecom pref | CTLKP | RU0009075857 | MOEX | | CenterTelecom pref | ESMOPG | RU0009075857 | RTS T+0 |
Price Chart |
|
|
Participation in DR Programs |
| Level | Effective Date | Underlying Share Ratio | CUSIP | Depositary Bank |
| Level 1 ADR | 04 Sep 01 | 1: 25 | 15548M108 | Morgan Guarantee Trust |
Weightings in Indices |
| Name | Weight | Inclusion Date | Notes |
| Does not constitute to any indices. |
Key Financial Characteristics
Balance Sheet |
| | 31 Dec 08 | 31 Dec 09 | 30 Sep 10 | 31 Dec 08 | 31 Dec 09 | 30 Sep 10 |
| | RUR mn | RUR mn | RUR mn | USD mn | USD mn | USD mn |
| RUR/USD Exchange rate | 29.38 | 30.25 | 30.52 |
| ASSETS, of which | 49,588.23 | 53,673 | 56,263 | 1,687.98 | 1,774.43 | 1,843.74 |
| Fixed Assets and Other Non-current Assets, of which | 42,865.73 | 47,264 | 47,959 | 1,459.15 | 1,562.55 | 1,571.62 |
| | Fixed Assets | 35,885.96 | 41,774 | 40,655 | 1,221.56 | 1,381.05 | 1,332.26 |
| | Intangible Assets | 2.37 | 5,248 | 4,940 | 0.08 | 173.5 | 161.88 |
| | Other Assets | 6,977.4 | 242 | 2,364 | 237.51 | 8 | 77.47 |
| Current Assets, of which | 6,722.5 | 6,409 | 8,304 | 228.83 | 211.88 | 272.12 |
| | Inventories | 923.15 | 486 | 578 | 31.42 | 16.07 | 18.94 |
| | Accounts Receivable | 4,525.25 | 3,891 | 4,188 | 154.04 | 128.64 | 137.24 |
| | Cash | 506.3 | 900 | 3,033 | 17.23 | 29.75 | 99.39 |
| | Other Current Assets | 767.8 | 1,132 | 505 | 26.14 | 37.42 | 16.55 |
| OWNER'S EQUITY, of which | 22,531.11 | 25,782 | 29,392 | 766.96 | 852.35 | 963.18 |
| | Charter Capital | 6,312 | 6,900 | 6,900 | 214.86 | 228.11 | 226.11 |
| | Reserves | 929.35 | 4 | -1,290 | 31.64 | 0.13 | -42.27 |
| | Retained Earnings | 15,289.76 | 18,878 | 23,782 | 520.46 | 624.11 | 779.34 |
| LIABILITIES, of which | 27,057.12 | 27,891 | 26,871 | 921.02 | 922.08 | 880.56 |
| | Long-Term Debt | 9,116.72 | 11,836 | 7,468 | 310.33 | 391.3 | 244.73 |
| | Short-Term Debt | 1,779.75 | 5,622 | 8,408 | 60.58 | 185.86 | 275.53 |
| | Accounts Payable | 5,955.83 | 5,415 | 5,637 | 202.74 | 179.02 | 184.72 |
| | Other Liabilities | 10,204.82 | 5,018 | 5,358 | 347.37 | 165.9 | 175.58 |
| Financial data standard | RAS | IAS | IAS | RAS | IAS | IAS |
| Unaudited | Audited | Unaudited | Unaudited | Audited | Unaudited |
| Non-consolidated | Consolidated | Consolidated | Non-consolidated | Consolidated | Consolidated |
P&L Account |
| | 31 Dec 08 | 31 Dec 09 | 30 Sep 10 | 31 Dec 08 | 31 Dec 09 | 30 Sep 10 |
| | RUR mn | RUR mn | RUR mn | USD mn | USD mn | USD mn |
| Average RUR/USD Exchange rate | 24.87 | 31.75 | 30.26 |
| Sales | 33,715.16 | 0 | 30,039 | 1,355.73 | 0 | 992.61 |
| Production Costs | 26,351.2 | 0 | 20,868 | 1,059.62 | 0 | 689.57 |
| Operating Profit | 7,363.96 | 0 | 9,171 | 296.12 | 0 | 303.05 |
| Other Income | -3,317.47 | 0 | -1,324 | -133.4 | 0 | -43.75 |
| Income Before Taxes | 4,046.49 | 0 | 7,847 | 162.72 | 0 | 259.3 |
| Net Income | 2,585.49 | 0 | 6,168 | 103.97 | 0 | 203.82 |
| Financial data standard | RAS | | IAS | RAS | | IAS |
| Unaudited | Unaudited | Unaudited | Unaudited | Unaudited | Unaudited |
| Non-consolidated | Non-consolidated | Consolidated | Non-consolidated | Non-consolidated | Consolidated |
Key Ratios |
| | 31 Dec 08 | 31 Dec 09 | 30 Sep 10 |
| Company Valuation Coefficients | |
| P/BV | n.a. | n.a. | n.a. |
| P/S | n.a. | n.a. | n.a. |
| P/E | n.a. | n.a. | n.a. |
| Company Efficiency Coefficients | |
| Sales/Employee, USD thnd | 25.81 | 0.00 | 25.11 |
| Net Profit Margin, % | 7.67 | 0.00 | 20.53 |
| ROA, % | 5.75 | 0.00 | 14.81 |
| ROE, % | 12.87 | 0.00 | 29.54 |
| Turnover Coefficients | |
| Receivables Turnover | 9.14 | 0.00 | 9.82 |
| Assets Turnover | 0.75 | 0.00 | 0.72 |
| Inventory Turnover | 36.99 | 0.00 | 74.63 |
| Liabilities Turnover | 1.35 | 0.00 | 1.47 |
| Capital Structure Coefficients | |
| Equity Ratio | 0.45 | 0.48 | 0.52 |
| Debt Ratio | 0.55 | 0.52 | 0.48 |
| Equity/Debt | 0.83 | 0.92 | 1.09 |
| Current Liquidity | 0.80 | 0.54 | 0.56 |
| Quick Liquidity | 0.69 | 0.50 | 0.52 |
Production Overview
Production |
| Product | Measure | 2004 | 2005 | 2006 | Units |
|---|
| Access lines in use | 1 | 6,298,611 | 6,300,000 | 6,609,951 | lines | | Rural telephone network | 1 | n. a. | n. a. | 923,444 | lines | | Urban telephone network | 1 | n. a. | n. a. | 5,686,507 | lines | | Access lines installed | 1 | 6,798,128 | 6,847,373 | 6,983,115 | lines | | Rural telephone network | 1 | n. a. | n. a. | 1,025,639 | lines | | Urban telephone network | 1 | n. a. | n. a. | 5,957,476 | lines | | Digitalisation rate (Rural telephone network) | 1 | 17 | 17.1 | 22 | % | | Digitalisation rate (Urban telephone network) | 1 | 54 | 53.9 | 58 | % | | DLD traffic | 1,000 | 2,811,155 | 2,820,364 | n. a. | min | | ILD traffic | 1,000 | 197,760 | 189,441 | n. a. | min | | Telephone switches | 1 | 8,558 | 26 | n. a. | units | | Telephones | 1 | 6,229,916 | 6,420,338 | 6,546,977 | units |
Capacity |
| Product | Measure | Capacity | Units |
| Access lines installed | 1 | 6,847,373 | lines |
|
|