OREANDA-NEWS. An extraordinary general meeting of shareholders of the North-Western Telecom Open Joint-Stock Company was held. The meeting was held in the absentee voting format.

As a result of the Meeting, the resolution passed by the majority of votes was to “Approve the securities sale agreement between NWT OJSC and Telecominvest OJSC, a related party transaction”.

It is expected that the transaction of purchase of 100% of P.T.T. shares will be closed in 2007 after it is approved by a general meeting of shareholders of Telecominvest OJSC and by the RF antitrust authorities.