OREANDA-NEWS. On June 27, 2007 Sibirtelecom OJSC (RTS: ENCO/ENCOP, ENCOG/ENCOPG; MICEX: STKM/STKMP, ADR: OTC – SBTLY, Frankfurt and Berlin Stock Exchanges - ISIN: US8257351036, WKN: 260452), the operator of telecommunication services in the Siberian Federal District, presented the audited consolidated financial statements for the year of 2006 prepared in accordance with the International Financial Reporting Standards (IFRS). The audit of financial data reporting for the year 2006 has been performed by ZAO KPMG, reported the press-centre of  Sibirtelecom OJSC.
 
The consolidated financial statements include the assets, liabilities and financial results of Sibirtelecom OJSC (the “Company”) and its subsidiaries, main activity of which is to provide cellular and other telecommunication services.
 
The complete consolidated financial statements of Sibirtelecom OJSC for 2006 in accordance with International Financial Reporting Standards are available in the Company’s corporate web-site at:
 
http://www.sibirtelecom.ru/english/investors/financial.php(the English version) and
http://www2.sibirtelecom.ru/sbt_msfo (the Russian version).

Sibirtelecom OJSC (RTS: ENCO/ENCOP, ENCOG/ENCOPG; MICEX: STKM/STKMP, ADR: OTC – SBTLY, Frankfurt and Berlin Stock Exchanges - ISIN: US8257351036, WKN: 260452) is one of the largest Russian telecommunication operators, conducts business in Siberian Federal District. Today the company is the leader on telecommunication market of Siberia; it occupies 43% of the total market share.

On the regional market of telecom services the company’s share is - 83% of local wireline communication services, 95% of intrazone communication services, 51% of internet access services, 23% of cellular communication services. The company serves more than 4,2 million fixed line subscribers and more than 3,4 million cellular subscribers. Company’s advantage is a developed networks infrastructure and an opportunity to provide the complex of services to all categories of subscribers, such as residential customers and corporate customers, on the whole service area. The main Sibirtelecom’s OJSC shareholder is Svyazinvest OJSC (50,67% of ordinary shares).