OREANDA-NEWS. Dalsvyaz (RTS: ESPK, MICEX: DLSV, US OTC: FEEOY, Frankfurt and Berlin exchanges: D71) announces its plans to complete the business consolidation of its subsidiary Sakhalinugol-Telecom by the end of 2007.

On June 5, 2007 the Board of Directors of Dalsvyaz adopted a decision to liquidate Sakhalin-Telecom (Sakhalin region). Dalsvyaz acquired a 100% stake in Sakhalinugol Telecom in August 2005 for Rub 40 million. At the time of acquisition the subscriber base stood at about 6,000. 

During 2005 the subscribers of Sakhalinugol Telecom were switched to servicing by Dalsvyaz. In Q107 Dalsvyaz restructured its line numbering system used to provide telecom services and placed on the balance sheet the technological telecom equipment and line cable facilities of Sakhalinugol Telecom.