OREANDA-NEWS. December 6, 2007. Southern Telecommunications Company (RTS: KUBN, KUBNP; MICEX: UTEL, UTELP; ADR OTC: STJSY, KUE FRA), the principal fixed-line telecommunications provider for Russia's Southern Federal District, announces that it has terminated its participation in CJSC "Kabardino-Balkarian GSM" effective 27th November 2007, selling its 20%-stake in the share capital of CJSC "Kabardino-Balkarian GSM", the Company's press sevice reported. This decision of the Board of Directors of "UTK" PJSC was taken in the context of the Company’s policy on reorganization of its non-core businesses.