OREANDA-NEWS. Southern Telecommunications Company [(RTS: KUBN, KUBNP; ММВБ: UTEL, UTELP; ADR OTC: STJSY, KUE FRA)], the largest fixed-line operator in the Southern Federal District of Russia, hereby announces that on the basis of a motion passed by the Board of Directors STC discontinued participation in Accent on May 14, 2007 by selling 51% of the charter capital of Accent. The decision to sell STC’s stake in Accent was adopted in accordance with the Model for Reorganization of Subsidiary Business.