The Federal Rates Service of the Russian Federation approved the new subscriber fees charged by Moscow City Telephone Network (MGTS).
Starting October 1, private individuals and state entities will be paying RUR 170 instead of RUR 140, private companies will be charged RUR 200 instead of RUR 165.
"Raising the subscriber fees for Moscow private subscribers has not made this service break-even for MGTS," - said MGTS deputy general director Victor Chervony.
According to him, the costs that remained uncovered are compensated by cross subsidizing by the revenues generated by the private companies.
Last time the fees were raised on August 1, 2003.
All MGTS base services fees, including subscriber fees, are regulated and established by the state.
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PJSC Moscow City Telephone Network is one of the biggest not only in Russia, but among the local wire telecommunications companies in Europe too. The Company's continual priority task is to provide quality telephone communication accessible to the millions of the Russia's capital-city inhabitants. The MGTS personnel of 20 000 persons supply services to about 4.2 million subscribers. The telephone density in Moscow conforms to the European standards - over 50 MGTS telephones per 100 metropolitan residents. There are about 600 MGTS telephone exchanges in operation, and their number increases year by. There are presently 18 000 pay stations available at the Company's public payphone network. To date, the MGTS share amounts to 80% in the Moscow fixed telecommunications market. The dynamic development of the Company is noted for its stable economic situation, prescheduled on-going income growth rate, and for the amount of provided services on the upgrade. The Central Office of PJSC MGTS is located in Moscow at 12, bdg. 3, Petrovskiy Boulevard, Moscow, Russia. The Company's Internet address is www.mgts.ru.
For further details, please approach the Department of Information and Public Relations - PJSC MGTS.
Tel: +7 (095) 950 0623, fax: +7 (095) 950 0622,
E-mail: pressa@mgts.ru
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