Series C Funding Underscores Confidence in New Generation of Content Security Technologies

The consolidated number of subscribers of Mobile TeleSystems OJSC /MTS/ in June grew by 0.7 % compared to May to 86.94 million people. This is reported by the Company. In June 2008 MTS consolidated subscribers base increased by 0.64 million people

The number of cell communication users in Russia in June 2008 increased, compared to May, by 2 million to 172.95 million subscribers. This is reported by the analytical company AC&M Consulting. The index of penetration of cell communication in Russia /the number of SIM-cards per 100 people/ in June 2008 has grown to 119.1 %. In Moscow the number of cell communication subscribers in June increased to 28.972 million people compared to 28.689 million in the previous month

The number of cell communication subscribers in Ukraine by the end of June 2008 made up 55.177 million users /SIM-cards/, increasing in a month by 0.07 million people. This is reported by the analytical company AC&M Consulting. The penetration of cell communication in Ukraine by the end of June constituted 119.3 % comparing to 119 % in May

The Antimonopoly Committee of Ukraine (AMCU) has allowed P6 Ukraine Cable Ltd (Grand Cayman, Cayman Islands) to buy 25% of shares of Volia LIMITED (Limasol, Cyprus), as reported by the AMCU press service

Ukrtelecom OJSC has launched a trial mode of Triple Play service, according to the “Kompyuternoye obozreniye” (“Computer Review”). According to the Deputy Chairman of the Board responsible for marketing and sale of services, the member of the Board of directors of Ukrtelecom Igor Sirotenko, the company is getting ready for commercial launching of Triple Play service this year and expects it to be a success

Kyiv Administrative Court of Appeals allowed the appeal of the National Communication Regulation Committee (NCRC) to the District Administrative Court decision on licensing Kyivstar GSM for use 2.1 GHz for 3G mobile communication beyond bidding

The Cabinet of Ministers of Ukraine has approved a new procedure of calculating license fees, which made license price multiply up many times

On July 15, 2008, Beltelecom, the State communication operator, is launching a trial mode of IPTV service in Minsk. This was announced by the press service of Beltelecom. Commercial launch is planned for August 14, 2008

Intertelecom company has set in operation CDMA wireless networks in four more towns and areas in different regions of Ukraine

Euroset is going to sell all its subsidiaries in Latvia, Lithuania and Estonia, according to the Euroset official statement. The appropriate agreement was signed on July 2. The purchaser and the amount of transaction are not disclosed

According to the information released by State Department of Communication and Informatization of Ministry of Transport and Communications of Ukraine (www.stc.gov.ua/uk/publish/article/75119 ) telecommunication and informatization sphere is showing high potential and dynamic development.

Comstar-United TeleSystems OJSC (Comstar-UTS ) has completed the affiliation of it’s two 100-% subsidiary companies – Sochitelecomservice CJSC (Sochi) and PortTelecom CJSC (Moscow region), as informed by Comstar-UTS

Building the 3G communication network in Belarus can be carried out even by the operators unknown on the communication market. This was announced at the press-conference by the Head of Regulation Administration of the Ministry of Communication and Informatization Gennady Tsarik

Kvazar-Micro Company has announced the change of its name in Ukraine into Sitronics Information Technologies. From now on the company will represent a separate IT stream within Sitronics ОJSC

Net profit of Sistema JSFC decreased by 46.5 % compared to the 1Q of 2007 as a result of USD 521.9 million gained from selling RОSNО company in the 1-Q of 2007. The group performed a 46 % decrease in basic and overcapitalized profit per share from USD 0.08 in the 1Q of 2007 to 0.043 in the 1Q of 2008

Over 50 % of the total number of broadband Internet access subscribers in Ukraine use the services provided by such telecommunication companies as Ukrtelecom, Volia-Cable and Optima-Farlep. This information is stated in the Iks-Consulting report

On June 18 shareholders of the Telesystems of Ukraine CJSC / TM PEOPLEnet, Kyiv, Ukraine/, a Ukrainian mobile communications operator, made a decision on increasing the statutory fund by UAH 1.3107 billion (approx. USD 290 million) by the additional issue of ordinary registered shares. This is stated in the minutes of the General Shareholders meeting of the Company

Тelevision and Radio company "Ukraine" CJSC according to the concluded agreement with System Capital Management Limited /SCM, Cyprus/ on a 2 years loan of USD 65 million, on 30 April 2008 received the second tranche of USD 3 million. This is informed in the TRC "Ukraine" report