Vladimir Postolovsky

@ Vladimir Postolovsky

Vladimir Postolovsky, senior telecoms analyst at Brunswick UBS, commented: "Uralsviazinform's 2003 IAS results were slightly disappointing - in particular, wireless ARPU proved far less resilient than we had expected.

Vladimir Postolovsky, senior telecoms analyst at Brunswick UBS, commented: "Golden Telecom's 1Q04 results reiterated the trendsin financials that emerged in 2H03-revenue growth was again verystrong, while margins came in below expectations.

Vladimir Postolovsky vladimir.postolovsky@brunswickubs.com

"It is clear that the ministry is not targeting any change in the existing economics of the long-distance business, and is trying to preserve the current effective revenue sharing between Rostelecom and the regional operators," said Vladimir Postolovsky at Brunswick UBS.He has a hold rating on Rostelecom's stock.

The chances of MTS are slim, said Vladimir Postolovsky, senior analyst at Brunswick UBS.

The statement from the three holders is "bad news for Alfa's position in MegaFon," said Vladimir Postolovsky, an analyst at Brunswick UBS.

"The markets should react well to this because of regulatory/political issues that Reiman was raising in regards to Vimpelcom," said Vladimir Postalovsky, telecoms analyst at Brunswick UBS.

Vladimir Postolovsky, lead analyst at Brunswick UBS, said on Friday that VimpelCom could issue American Depositary Receipts (ADR)."The company will begin to generate a free cash flow shortly, and it could well launch a share buyback program," he said at an investment conference on 15 September.

Vladimir Postolovsky +7 501 258 5200