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Svyazinvest

March 6, 2002

CenterTelecom CEO Ruben Amaryan holds conference call with foreign investors on February 27

Renaissance Capital arranged the conference between CenterTelecom CEO Amaryan and the investment community in London and New York.  

Sixteen investment funds and media concerns took part in the online conference, including East Capital, ABN AMRO, Bondfield Asset Management, NCH Advisors, Barclays Capital, Templeton Asset Management, Framlington, etc.  

During the Question-and-Answer session the major pros and cons of the Central region merger were addressed.  

"It will be necessary to raise $150 - $200 mn per year if the Central region merger is to successfully take its place on the global capital market" - reported CEO Ruben Amaryan.  "This, of course, is why we're interested in doing business with western investors".  

An analytical report devoted to the Central region merger was prepared by equity analysts of Renaissance Capital.  The report was distributed to over 650 members of the investment community and media services.  

The Company's steady growth over the past year and a half, its successful launch on the domestic stock market, and roll out of a level-1 ADR program on the international capital market, and finally the assignment of an international rating, are all steps which point to the Company's unswerving evolution and major interest on the part of investors, as well as great expectations among international investment circles.  

The management of CenterTelecom remain committed to sustainable and long-term growth and will be glad to establish a direct dialog with the investment community, which will undoubtedly serve to raise confidence in the company.  The Company' main goals with the investment community are to achieve full transparency of business information.

 

 

 

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