OREANDA-NEWS. On 29 April 2008 Southern Telecommunications Company, the biggest fixed-line operator in the Southern Federal District of Russia, announced that on the basis of a decision taken by management of MICEX Stock Exchange on March 31, 2008 its 4- and –series bonds were added to the A Quotation List (Level 1).

This decision was due to improvements on the secondary market of Southern Telecommunications Company’s securities, which became more liquid, and growth in the company’s stock prices, as well as expansion of the range of potential investors.

It’s noteworthy that at the end of 2007 Southern Telecommunications Company’s 3-series bonds were placed on the A Quotation List (Level 1).