As part of the strategy of OJSC NWT withdrawal from secondary business in accordance with the decision of the Board of Directors (Meeting Minutes No. 07-05 of March 23, 2005), North-West Telecom sold a 59.38%   stake in CJSC St. Petersburg Electric Communications Center. The ownership of the stake passed on May 20, 2005.

The shares were purchased by the Professor M.A. Bonch-Bruyevich St. Petersburg State University of Telecommunications.

The St. Petersburg Electric Communications Center was set up in 1995 as a regional industry training center. OJSC NWT was a promoter and shareholder of the Center by legal succession. The Center provided additional professional training in the field of telecommunications, computer technologies, management and marketing in the communications industry. From 2005, educational activity was fully conducted by the non-government educational institution "St. Petersburg Electric Communications Center” set up by the Center. In cooperation with the non-government educational institution the Center provides services in organizing corporate events (seminars, conferences etc.), classes as well as performs scientific and consultation work, workplace certification.

OJSC NWT uses the services of the Center for the additional training of specialists, but the development of contractual development was complicated by the fact that as the major shareholder OJSC NWT was interested in these deals. At the same time, OJSC NWT does not need to influence the management of CJSC St. Petersburg Electric Communications Center as all relations are based on market conditions. In this connection, the decision was made to sell the stake in the Center.