OREANDA-NEWS. On October 17, 2007 Southern Telecommunications Company (“UTK”) (RTS: KUBN, KUBNP; МICEX: UTEL, UTELP; ADR OTC: STJSY, KUE FRA), the principal fixed-line telecommunications provider for Russia’s Southern Federal District, reported that it executed in full the obligations under the put option of series-03 bond. "UTK" PJSC executed the buyback of 2,860,347 (two million eight hundred sixty thousand three hundred and forty seven) bonds presented by their holders for redemption at the price of 100 (one hundred) percent of their face value, reported the press-centre of UTK.

Total amount of the bonds presented for redemption was valued at Rub 2,865,295,400.31 (two billion eight hundred sixty five million two hundred ninety five thousand four hundred 31/100) including the accrued coupon income of 1.73 rubles per one bond calculated as of 16 October 2007.