Rostelecom OJSC: ROSTELECOM LAUNCHES 3G+ NETWORK IN THE VOLGOGRAD REGION UK Regulatory Announcement MOSCOW ROSTELECOM LAUNCHES 3G+ NETWORK IN THE VOLGOGRAD REGION Moscow, Russia – May 21, 2013 – Rostelecom OJSC (MICEX - RTS: RTKM, RTKMP; OTCQX: ROSYY) (“the Company”), Russia’s national telecommunications operator, announces the launch of 3G+ networks in Volgograd and Volzhsky through CJSC Volgograd GSM, a 100% subsidiary of Rostelecom. The Company plans to expand its 3G+ networks to all regional centres in the Volgograd region. Rostelecom subscribers will be able to experience faster mobile internet and access modern, interactive services using their smartphones, USB modems and tablets. Alexander Shipulin, Vice President and Director of Rostelecom’s southern macro-regional branch, commented: “Rostelecom is gradually implementing its 3G network construction programme, and it is now coming to the Volgograd region. The benefits of our 3G+ network for our subscribers in the Volograd region will include high data transfer speeds and a competitive range of tariff plans and options.” In light of the growing demand for mobile data transfer service, Rostelecom’s 3G+ network was installed using the modern HSPA+ technology. This technology provides data transfer speeds of up to 21MB/s, compared to speeds of just 3.6MB/s provided by the first 3G networks. The Company plans to upgrade its network to reach the maximum speed of up to 42MB/s in the future. In the long-term, a modern, sustainable, efficient and multi-standard mobile phone network will be created in the Volgograd region, which will combine the advantages of all standards, resulting in high quality voice services and data transfer. At present, 120 new generation base stations have been installed in the Volgograd region, which provides coverage for Volgograd and Volzhsky. As a result, 3G+ network services are currently available to over 45% of the region’s population. 3G+ networks have been built and tested in 24 Russian regions and have been commercially launched in 17 regions. In total, the Company is planning to establish more than 8,000 base stations. Ericsson and Huawei are providing technical equipment and solutions for the project. A 3G+ network will be launched in the Krasnodar Krai in summer 2013. Rostelecom and its subsidiaries, NCC CJSC, BWC CJSC, ETK CJSC, Sky Link CJSC, Volgograd-GSM CJSC, AKOS CJSC and Wireless Information Technologies LLC, provide mobile services in 59 Russian regions to 13.6 million subscribers. * * * For more information please visit http://www.rostelecom.ru/en/ir or contact: “Rostelecom Investor Relations / Rostelecom IR” application for iPhone and iPad is now available to download for free from the Apple App Store via: https://itunes.apple.com/ru/app/rostelecom-investor-relations/id596370946?mt=8. Investor Relations Department Tel. +7 (499) 995 97 80 firstname.lastname@example.org * * * Rostelecom (www.rostelecom.ru) is Russia’s largest national telecommunications operator with presence in all Russian regions. The Group is a universal operator and undisputable leader of broadband and pay-TV markets in Russia with over 9.5 million fixed-line broadband subscribers and over 6.8 million pay-TV subscribers. As Rostelecom develops its mobile data networks, its position as a major mobile operator is growing with over 13.5 million currently subscribed to Rostelecom’s mobile voice services. The Group is also an important innovator that provides solutions in the field of medicine, E-Government, cloud computing and education. Rostelecom was assigned a ‘BBB-’ and ‘BB+’ international credit ratings by Fitch Ratings and Standard & Poor’s respectively, both with a ‘Stable’ outlook. The Group generated RUB 77.1 billion of consolidated revenues, RUB 28.8 billion of OIBDA (37.4% of revenues) and RUB 6.4 billion of net income for the first three months ended March 31, 2013. * * * Certain statements in this press release are forward-looking statements within the meaning of the U.S. federal securities laws and are intended to be covered by the safe harbors created thereby. Those forward-looking statements include, but are not limited to: *Management’s assessment of the Company’s future operating and financial results as well as forecasts of the present value of future cash flows and related factors; *the Company’s anticipated capital expenditures and plans to construct and modernize its network; *the Company’s expectations as to the growth in demand for its services, plans relating to the expansion of the range of its services and their pricing; *the Company’s plans with respect to improving its corporate governance practices; *the Company’s expectations as to its position in the telecommunications market and the development of the market segments within which the Company operates; *economic outlook and industry trends; *the Company’s expectations as to the regulation of the Russian telecommunications industry and assessment of impact of regulatory initiatives on the Company’s activity; *other statements regarding matters that are not historical facts. Such forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from those expressed or implied by these forward-looking statements. These risks, uncertainties and other factors include: *risks relating to changes in political, economic and social conditions in Russia as well as changes in global economic conditions; *risks relating to Russian legislation, regulation and taxation, including laws, regulations, decrees and decisions governing the Russian telecommunications industry, securities industry as well as currency and exchange controls relating to Russian entities and their official interpretation by regulatory bodies; *risks relating to the Company, including the achievement of the anticipated results, levels of profitability and growth, ability to create and meet demand for the Company’s services including their promotions, and the ability of the Company to remain competitive in a liberalized telecommunications market; *technological risks associated with the functioning and development of the telecommunications infrastructure, technological innovations as well as the convergence of technologies; *other risks and uncertainties. For a more detailed discussion of these and other factors, see the Company’s Annual Report and the Company’s other public filings. Many of these factors are beyond the Company’s ability to control or predict. Given these and other uncertainties, readers are cautioned not to place undue reliance on any of the forward-looking statements contained herein or otherwise. The Company does not undertake any obligation to release publicly any revisions to these forward-looking statements (which are made as of the date hereof) to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, except as may be required under applicable laws. Contact: Rostelecom OJSC
Rostelecom OJSC: ROSTELECOM LAUNCHES 3G+ NETWORK IN THE VOLGOGRAD REGION
Press spacebar to pause and continue. Press esc to stop.