OREANDA-NEWS.  On 12 March 2008 was announced, that VolgaTelecom is inviting the tender for the right to conclude the contract for mandatory audit of the Company's RAS and IFRS financial statements for 2008.

The applications for the tender are accepted in sealed envelopes with the note “Auditor tender. Application.” before March 15, 2008 at the address: OJSC VolgaTelecom, Dom Svyazi, M.Gorky square, Nizhny Novgorod city, 603000. The applications received after the expiry of the above period are not considered and returned to the auditors unopened.

The results of the tender will be summarized on April 15, 2008. Audit opinions should be provided: as per RAS – not later than April 20, 2009 and as per IFRS – not later than May 30, 2009.

OJSC VolgaTelecom is the largest telecommunications company of the Volga region providing a wide range of telephony, cellular, Internet and data transmission, TV and radio broadcasting services. The Company is operating in 11 regions of the Volga Federal district. The network installed capacity is 5,1 million lines.