"COMSTAR - United TeleSystems" ("Comstar UTS") (LSE:CMST), the leading provider of integrated communications services in Moscow, today announced the appointment of Mr. Wolfgang Breuer as Chief Technology Officer of Comstar UTS.
Mr. Breuer will head the technology division of Comstar UTS' corporate center, where he will be responsible for standardizing of all technological resources of the Group, the development of the infrastructure of Comstar UTS' subsidiaries and the support of regional acquisitions of Comstar UTS.
Eric Franke, Chief Executive Officer of Comstar UTS, commented: "I am pleased to welcome Mr. Breuer to our management team as he brings an invaluable international experience to our business. One of our key priorities is to leverage our resources, complete the digitalization of MGTS' network and create a single technological platform based on NGN technology. We are confident that the appointment of Wolfgang Breuer will strengthen the Company's position and help us to achieve these goals".
Mr. Breuer is the former President and CEO of the Croatian division of T-Mobile, a German mobile communications operator owned by Deutsche Telekom, where he has worked in various positions since 1992. In 2000, he was appointed the Country Manager for Croatia and Poland at Deutsche Telekom and shortly after that became Vice President for Central and Eastern Europe. In 2002, Mr. Breuer served as Member of the Management Board and Chief Operating Officer for mobile communications at Croatian Telecom. Mr. Breuer holds a Bachelor's and Master's Degree from Koln University of Telecommunications; he has also completed the Management Development Program at the University of Michigan.
For further information, please visit www.comstar-uts.com
Comstar UTS is a leading provider of integrated communications services in Moscow and the Moscow region in terms of revenues and subscribers and also offers communications services in other regions of Russia and the Commonwealth of Independent States. Comstar UTS had 4.9 million subscribers at June 31, 2006. Comstar UTS offers voice, data and Internet, pay-TV and various value-added services to corporate, operator and residential subscribers, using its alternative and traditional fixed-line networks. Comstar UTS had combined operating revenues of US$ 249.8 million for the first three months of 2006 and Comstar UTS' assets totalled US$ 2.67 billion at March 31, 2006. Comstar UTS ordinary shares are listed on the Moscow Stock Exchange and on the London Stock Exchange under the symbol "CMST".
Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of Comstar UTS. You can identify forward looking statements by terms such as "expect," "believe," "anticipate," "estimate," "intend," "will," "could," "may" or "might" the negative of such terms or other similar expressions. Comstar UTS wishes to caution you that these statements are only predictions and that actual events or results may differ materially. Comstar UTS does not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in projections or forward-looking statements of Comstar UTS, including, among others, general economic conditions, the competitive environment, risks associated with operating in Russia, rapid technological and market change in the industries Comstar UTS operates in, as well as many other risks specifically related to Comstar UTS and its operations.