OREANDA-NEWS. Sibirtelecom OJSC Board of Directors gave the following was recommended to the general meeting of the shareholders: To approve the annual report, the annual accounting statements, including the Income Statement of the Company for the fiscal year 2006.

Also the Board recommended to allocate the income of the Company according to the results of the 2006 financial year in the following way:
• for the payment of dividends 327,595,905 rubles, including:
• on preference shares 0.031515 rubles per each share;
• on common shares 0.017019 rubles per each share.

It was decided to allocate 926 722 291 roubles to the increase of the equity capital of the Company.

KPMG OJSC was approved as the auditor of the Company for 2007.