The merger plan, mentioned at the start of this overview, aims to bring together PTS, Lensvyaz, St Petersburg Telegraph, and St Petersburg MMT, which acts as an intermediary between the local network and the long-distance provider, Rostelecom. The merger is due to happen in the first half of 2000, and its aim is to increase efficiency and enhance control by Svyazinvest. The united company will definitely be more attractive for investors in the long term, but there is a risk that rights of minority shareholders will suffer in the merger process. The information contained herewith is based on information made available to the public and is for information purposes only. Information sources are deemed reliable by RMG Securities, however RMG Securities abstains from any liabilities determined from the information herewith.
Analysis is based on dated market information and is subject to change.