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Uralsvyazinform

August 5, 2005

1H 2005: mobile business consolidation completed

Ekaterinburg - August 5, 2005 - Uralsvyazinform (RTS: URSI/URSIP), the leading carrier of fixed-line and mobile services in the Urals region, Russia reports the unconsolidated unaudited 1H 2005 financial and operational results under Russian accounting standards (RAS).

  • Revenue growth was 19% compared to 1H 2004 mainly due to the increase in DLD and ILD traffic, rise in local tariffs, and growth of fixed-line and GSM subscriber bases;
  • OIBDA increased by 20% vs. 1H 2004, OIBDA margin remained 35%;
  • Fixed-line segment delivered 20% revenue growth;
  • Mobile revenues increased by 36%;
  • Long-distance revenues increased by 11%;
  • Internet and data transmission revenues increased 75%;
  • Total subscriber number reached 6.3 mln, including 2.8 mln GSM subscribers;
  • As of July 23, 2005 the AGM took place. The AGM selected new Board composition, approved distribution of profits for 2004 and amendments to the Charter completing the legal process of affiliation of the mobile service subsidiaries to Uralsvyazinform.

Operational and financial highlights:


* Including subsidiary businesses

 

Anatoly Ufimkin, CEO, commented the results of the six months: "The major event of the first six months is the completion of our mobile and internet subsidiaries' consolidation. The joining of five subsidiaries and the consolidation of their figures in the Uralsvyazinform's accounts, starting with July 1, 2005, will make our business clear and transparent for stockholders and investors will enable to increase the efficiency of mobile and Internet assets as well as cut the expenses due to the saving on the commercial scale. As for financial figures of the first six months, they meet our expectations and even exceed our initial forecasts planned in the budget, including net profit. Therefore, we do not alter our financial forecast for 2005".

For additional information, please contact IR department on tel. +7 (343) 379 1217 or e-mail: investor@gd.usi.ru. The most recent company information is also available at www.uralsviazinform.com, www.skrin.ru (complex disclosure information system - SKRIN) or URSI_RU page in Bloomberg system.

 

 

 

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