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Multiregion

Company

Enters into group of MTS and is under control of Comstar

Owners:
Comstar Regions

Owners

+ The GDR on LSE

The operator of the integrated telecommunication services Comstar-OTS announced implementation of a uniform management structure in the Multiregion company entering into Group of MTS and being under control of Comstar.

The companies entering into the Multiregion group are entered to a management structure of Comstar Regions branches. Command centers these branches are in Moscow – for the companies of Central Federal District, in St. Petersburg – for the Northwestern Federal District, in Saratov – for the Volga district, in Rostov-on-Don – for the Southern and North Caucasian districts, in Yekaterinburg – for Ural federal district, in Tyumen – for the Siberian and Far East districts.

In September of the current year the extraordinary meeting of shareholders of Multiregion approved conditions of transfer of function of sole executive body to Comstar Regions private company then the chairman of the board of directors of Multiregion Mikhail Shamolin and the CEO Comstar Regions Victor Koresh signed the relevant agreement. Earlier Comstar Regions got permission of Federal Antimonopoly Service to management of Multiregion.