OREANDA-NEWS. OJSC “VolgaTelecom” Board of directors (March 29, 2007) and OJSC “Uralsvyazinform” Board of directors (March 30, 2007) considered the issues relating to shareholding in Tatar cellular operator OJSC “TATINCOM-T”.

At its session on March 29, 2007 OJSC “VolgaTelecom” Board of directors adopted the decision to increase the share in charter capital of Tatar cellular operator OJSC “TATINCOM-T” to 100% (currently “VolgaTelecom” holds 50% + 1 ordinary stock).

On March 30, 2007 OJSC “Uralsvyazinform” Board of directors adopted the decision to terminate its shareholding in OJSC “TATINCOM-T” by selling 33,43% of ordinary stocks of the Tatar cellular operator.

Purchase and sale contract of OJSC “TATINCOM-T” stock by and between OJSC “VolgaTelecom” and OJSC “Uralsvyazinform” will be concluded in case of approval of this transaction by Federal Antimonopoly Service.