OREANDA-NEWS. Uralsvyazinform (RTS and MICEX: URSI/URSIP) – reports BoD’s decision to sell the whole 33.43%-stake in mobile operator Tatinkom-T.

On March 30th, 2007 USI’s Board of Directors made a decision to sell the whole 34.43% ordinary shares stake in mobile operator OAO Tatinkom-T. At the same time, Volgatelecom – the major Tatinkom-T shareholder and a regional operator inside Svyazinvest group – decided to increase its shareholding in Tatinkom-T to 100% through purchase of the whole stake from Uralsvyazinform.

The sale of the stake in Tatinkom-T is in line with USI’s asset restructuring plan to optimize non-core businesses and minority stakes.

The minority shareholding did not allow USI to consolidate Tatinkom-T revenues in USI’s budget.

Volgatelecom and Uralsvyazinform are supposed to sign a share purchase agreement shortly provided that Federal Antimonopoly Service affirms the transaction.