On 30 June 2004 the first session of the newly-elected Board of Directors of "Southern Telecommunications Company" PJSC was held. At the session Vadim Belov – Deputy General Director of " Svyazinvest " OJSC was elected the Chairman of the Board of Directors. Ivan Ignatenko – General Director of "UTK" PJSC was elected Vice-chairman of the Company’s Board of Directors.