OREANDA-NEWS. North-West Telecom’s Board of Directors has determined the 2006 dividend rate recommended to the Annual General Meeting of Shareholders and has approved the agenda for the Annual General Meeting of Shareholders scheduled for June 22, 2007.

North-West Telecom’s Board of Directors decided to recommend that the General Meeting of Shareholders should make the decision to pay the 2006 dividends at the following rates:
• for preference shares, 0.858 rubles per share (32% as against 2005);
• for ordinary shares, 0.357 rubles per share (35% as against 2005).

The total amount payable as the 2006 dividends is 529 million rubles or 21.8% of the Company’s net profit (397 million rubles in 2005).