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[verwijderd] 27 oktober 2006 10:06

04 October 2006

Sistema closed the deal of acquiring controlling stake in WaveCrest Group Enterprises

Moscow, Russia - Sistema (LSE: SSA), the largest private sector consumer services company in Russia and the CIS, announced today that the deal of acquiring 66% controlling stake in the international telecommunications service provider WaveCrest Group Enterprises Ltd (“WaveCrest”) for 20m. GBP is closed. The acquisition is being effected by means of a directed new share issue by WaveCrest.

WaveCrest is a global communications service provider offering wholesale (operator) and retail (residential) telephony services, using conventional circuit-switched and Internet protocol (IP) telephony. WaveCrest has an established switching presence in cities across Europe, USA and Asia including London, Paris, Amsterdam, Frankfurt, New York, Brussels, Milan and Hong Kong, and provides services to more than 300 leading international telecommunications operators. WaveCrest’s residential services enable customers to terminate international voice, fax, mobile and modem traffic via the Company’s international network. The Company carries more than 300 million minutes of voice traffic per month and is also a leader in the UK and Republic of Ireland pre-paid calling cards markets. The Company generated approximately US$ 280 million of revenue in 2005.

On completion of the transaction, WaveCrest would be fully consolidated in Sistema’s financial results.

The proceeds from the WaveCrest share issue will be used for the general development and expansion of the Company and its services.

About Sistema
Sistema is the largest private sector consumer services company in Russia and the CIS, with over 50 million customers. Sistema develops and manages market-leading businesses in selected service-based industries, including telecommunications, technology, insurance, banking, real estate, retail and media. Founded in 1993. Sistema’s shares are listed under the symbol "SSA" on the London Stock Exchange, under the symbol "AFKS" on the Russian Trading System (RTS), and under the symbol "SIST" on the Moscow Stock Exchange (MSE).

www.wavecrestcom.com/news/pr/04102006...

[verwijderd] 27 oktober 2006 10:31

Deze advocaten zijn ook de adviseurs van Interoute / VIA :

Mayer, Brown, Rowe & Maw advises WaveCrest on a significant investment into the company by Sistema

4 October 2006 - Mayer, Brown, Rowe & Maw LLP's Corporate Group, led by London Corporate partner Peter Dickinson, has advised WaveCrest Group Enterprises Limited ("WaveCrest"), the international telecommunications service provider, and its existing shareholders on the subscription by Sistema Joint Stock Financial Corporation ("Sistema") for a 66% equity interest in WaveCrest for a total cash consideration of £20 million.

WaveCrest is a global communications service provider offering wholesale (operator) and retail (residential) telephony services, using conventional circuit-switched and Internet protocol (IP) telephony. WaveCrest has an established switching presence in cities across Europe, USA and Asia including London, Paris, Amsterdam, Frankfurt, New York, Brussels, Milan and Hong Kong, and provides services to more than 300 leading international telecommunications operators.

WaveCrest's residential services enable customers to terminate international voice, fax, mobile and modem traffic via the company's international network. The company carries more than 300 million minutes of voice traffic per month and is also a leader in the UK and Republic of Ireland pre-paid calling cards markets. The company generated approximately US$280 million of revenue in 2005.

The subscription monies will be used for the general development and expansion of the company and its services.

Sistema is the largest private sector consumer services company in Russia and the CIS, with over 50 million customers. Sistema develops and manages market-leading businesses in selected service-based industries, including telecommunications, technology, insurance, banking, real estate, retail and media.

The Mayer, Brown, Rowe & Maw team advising WaveCrest and its existing shareholders was led by London corporate partner Peter Dickinson assisted by corporate assistant Rodney Edgerton, share incentives partner Andrew Stanger, tax partner Peter Steiner and finance assistant Sahba Akhavan. Latham & Watkins LLP advised Sistema.

Further information

Peter Dickinson
Partner
+44 (0)20 7782 8747

www.mayerbrownrowe.com/news/article.a...

[verwijderd] 30 oktober 2006 08:04

Komen ze vandaag 30 okt. 2006?

gr hans791

[verwijderd] 30 oktober 2006 08:45

In de maand november moet het gaan gebeuren. Maar die duurt wel 30 dagen. Heeft te maken met de beeindiging van de managers-overeenkomst.

Denk dat dit bedrijf voor ons de WIMAX palen de grond in stopt. Kan alleen maar een super groot bedrijf zijn die dit in twee weken tijd in zwitserland heeft bereikt. KPN is gewaarschuwd !

www.ntt.com

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