All Of Russia's Circuits Are Busy

The country's Baby Bells are selling shares--and raking in cash

To reach Vladimir Rybakin these days, better try his mobile phone. When he's not cruising the Ural Mountains city of Perm to check on his company's cellular and fiber-optics projects, the 41-year-old CEO of the local phone company, Uralsvyazinform, is jetting off to chat up investors. "People are asking to meet us all the time," Rybakin says. In February, investors snapped up Uralsvyazinform's $32 million private placement of shares through the London Stock Exchange. Next stop: the New York Stock Exchange.

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