OREANDA-NEWS. January 11, 2011. VolgaTelecom’s Board of directors approved the list of nominees to the Company’s Board of directors.

The following persons comprise the list of nominees for the election to VolgaTelecom’s Board of directors at extraordinary general meeting of shareholders:

1. Sergey A. Atazyan

2. Andrey A. Boguslavskyi

3. Alla B. Grigorieva

4. Denis L. Demidov

5. Ekaterina S. Erofteeva

6. Lyudmila A. Kormilitsyna

7. Mikhail I. Kritskyi

8. Mikhail A. Leshchenko

9. Vladimir F. Lyulin

10. Alexey A. Malysh

11. Anatoly A. Milyukov

12. Andrey V. Morozov

13. Alexander Yu. Provotorov

14. Igor B. Pshenichnikov

15. Vladimir A. Rumyantsev

16. Vadim V. Semenov

17. Oleg I. Sen’kov

18. Dmitry Yu. Skuratov

19. Vladimir A. Stat’in

20. Anna V. Shulgina

21. Evgeny V. Yurchenko

Extraordinary general meeting of VolgaTelecom’s shareholders is to be held on January 20, 2011. The date of drawing up the list of persons entitled to participate in extraordinary general meeting of shareholders is October 27, 2010.

VolgaTelecom is the largest telecommunications company of the Volga region providing a wide range of fixed-line and mobile telephony, Internet and data transmission, TV and radio broadcasting services. The Company is operating in 11 regions of the Volga Federal district. The installed capacity of the Company’s fixed-line telephony network is 5.2 million lines and the equipped capacity is 4.9 million lines. For 9 months of 2010 the number of Internet broadband access services users exceeded 1.1 million persons. The number of cable TV and over-the-air-cable TV services subscribers is 277, 500 users.

Currently VolgaTelecom along with other Mega-Regional Companies of Svyazinvest holding and Dagsvyazinform company is involved in the process of merging with OJSC Rostelecom and creation on its base of national telecom company holding leading positions in key segments of Russia’s market. Creation of consolidated Rostelecom, which will be the legal successor of all the companies involved in this process, will be completed in spring 2011.