OREANDA-NEWS. On the 3rd of November 2006, the Board of Directors of JSC North-West Telecom took a decision to acquire 100% of the shares of CJSC Petersburg Transit Telecom (P.T.T.) and proposed the issue of approving the transaction to an extraordinary general meeting of the shareholders of JSC North-West Telecom.

CJSC P.T.T. is the biggest alternative operator of St. Petersburg in the "operator for operators" services market segment.

This decision is in line with the declared strategy of North-West Telecom in the field of M&A:  buying a profile asset in order to strengthen Company's market position in one of the most attractive telecommunication market segments in the largest megapolis of the Northwestern Federal District.