OREANDA-NEWS. January 21, 2011. OJSC VolgaTelecom’s shareholders at their extraordinary general meeting held on January 20, 2011 have re-elected the Company’s Board of directors.

Shareholders owning in aggregate over 68% of voting shares took part in the voting on the agenda issues. In accordance with the resolution of shareholders’ meeting the authorities of current Board of directors were terminated.

The following persons were elected to the new composition of VolgaTelecom’s Board of directors: 

No

Name, patronymic and surname

Post

1.

Alla B. Grigorieva

OJSC Svyazinvest, Deputy Director of Corporate Governance and Legal Support Department

2.

Ekaterina S. Erofteeva

OJSC Svyazinvest, Executive Director – Director of Strategy and Development Department

3.

Lyudmila A. Kormilitsyna

OJSC Svyazinvest, Chief of Section of Corporate Governance and Legal Support Department

4.

Mikhail I. Kritskyi 

OJSC Svyazinvest, Deputy General Director

5.

Mikhail A. Leshchenko

OJSC Svyazinvest, Deputy General Director

6.

Vladimir F. Lyulin

OJSC Svyazinvest, Advisor to General Director

7.

Andrey V. Morozov

Moscow representation office of NCH Advisors Inc., Head of Legal Section

8.

Alexander Yu. Provotorov

OJSC Rostelecom, President

9.

Vadim V. Semenov

OJSC Svyazinvest, General Director

10.

Anna V. Shulgina

Moscow representation office of LLC Markup Advisors Limited,

Director for Corporate Development

11.

Evgeny V. Yurchenko

OJSC VolgaTelecom, member of the Board of directors

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 which will hold 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.