Archive

July 26, 2010, Moscow: COMSTAR – United TeleSystems (COMSTAR-UTS, LSE: CMST), the largest operator of integrated telecommunication services in Russia and the CIS, announces completion of their international IP network telecom node upgrade in the city of Stockholm, Sweden.

July 21, 2010, Moscow: COMSTAR – United TeleSystems (COMSTAR-UTS, LSE: CMST), the leading provider of integrated telecom services in Russia and the CIS, announces a new service called STREAM.Videos. Now, you can watch Internet videos on a TV screen as part of STREAM TV.

July 19, 2010, Moscow, Rostov-on-Don: COMSTAR – United TeleSystems (COMSTAR-UTS, LSE: CMST), the leading provider of integrated telecom solutions in Russia and the CIS, announces that the Southern branch of COMSTAR-Regions (100% subsidiary of COMSTAR-UTS) has set upon upgrading its data transmission network and migrating to fiber-optic technologies in Taganrog, Rostov Region.

Moscow, Russia – July 15, 2010 – COMSTAR – United TeleSystems JSC (“Comstar” – LSE: CMST), the largest integrated fixed–line telecommunications provider in Moscow and 83 Russian cities, announces that its Board of Directors has recommended today that its shareholders accept the voluntary tender offer (“VTO”) by Mobile TeleSystems OJSC (“MTS” – NYSE: MBT), the leading telecommunications provider in Russia and the CIS, and tender up to 37,614,678 Comstar ordinary shares representing up to 9.0% of Comstar’s issued share capital and including shares underlying Comstar Global Depositary Receipts (“GDRs”) for RUR 220.0 per Comstar share. As previously announced, Comstar received the VTO from MTS on July 13, 2010 following the completion of a statutory review of the documentation by the Federal Service for Financial Markets (“FSFM”). The VTO follows the announcement made on June 25, 2010 that the Boards of Directors of MTS and Comstar had recommended the merger (“prisoedinenie” under Russian law) of MTS and Comstar. MTS currently owns 61.97% of Comstar, or 64.03% when excluding treasury shares, and consolidates Comstar in its financial results.

Moscow, Russia – July 13, 2010 – “COMSTAR – United TeleSystems” OJSC (“Comstar” – LSE: CMST), the largest integrated fixed – line telecommunications provider in Moscow and 82 Russian cities, today announced that it has received today from Mobile TeleSystems OJSC (“MTS” – NYSE: MBT), the leading telecommunications provider in Russia and the CIS, the MTS Voluntary Tender Offer (“VTO”) to acquire up to 37,614,678 Comstar ordinary shares (representing 9.0% of Comstar’s issued share capital, and including shares underlying Comstar Global Depositary Receipts (“GDR’s”) that MTS does not already own for RUR 220.0 per Comstar share. The launch of the VTO follows the announcement on June 25, 2010 that the Boards of Directors of MTS and Comstar had approved and recommended the merger of MTS and Comstar. The VTO documentation was then filed by MTS with the Federal Service for Financial Markets (“FSFM”), which has now completed its statutory review. MTS currently owns 61.97% of Comstar, or 64.03% when excluding treasury shares, and consolidates Comstar in its financial results.

July 12, 2010, Moscow: COMSTAR – United TeleSystems (COMSTAR-UTS, LSE: CMST), the leading provider of integrated telecommunication solutions in Russia and the CIS, announces the completion of work to migrate their own internet users’ traffic to their own fiber optic transport communication network owned by MTS Group (OJSC Mobile TeleSystems), NYSE: MBT) in Moscow-Kiev direction.

July 7, 2010, Moscow: COMSTAR – United TeleSystems (COMSTAR-UTS, LSE: CMST), the leading provider of integrated telecommunication solutions in Russia and the CIS, discloses results of its performance on the Moscow commercial real estate market for the 2nd quarter and 1st half year of 2010.

July 5, 2010, Moscow. COMSTAR – United TeleSystems (OJSC COMSTAR-UTS, LSE: CMST), the leading provider of integrated telecom services in Russia and CIS, announces that CJSC COMSTAR-Regions (100% affiliate of OJSC COMSTAR-UTS) has launched “Bonus+” federal loyalty program for subscribers of cable television (CTV) and broadband Internet access (BIA) among natural persons in all cities of the company’s presence*.