OREANDA-NEWS. January 14, 2011. The FFMS has registered a RUB 1.5 bn additional share issue of CJSC MGTS United TeleSystems. The securities are to be placed by closed subscription to the benefit of the MGTS United TeleSystems 100% parent company, Moscow City Telephone Network (MGTS), the press-service of MGTS controlling shareholder, Comstar-UTS reported.

“This transaction is of technical nature and is meant to restructure the group internal debt commitments: MGTS United TeleSystems debt is to be converted to equities. Third parties are not to participate in the deal”, Comstar-UTS press-secretary, Ekaterina Nevskaya said. She refused to give any other comments.