OREANDA-NEWS. On December 05, 2007 Southern Telecommunications Company ("UTK") (RTS: KUBN, KUBNP; MICEX: UTEL, UTELP; ADR OTC: STJSY, KUE FRA), the principal fixed-line telecommunications provider for Russia’s Southern Federal District, announced that it has terminated its participation in CJSC "Kabardino-Balkarian GSM" effective 27th November 2007, selling its 20%-stake in the share capital of CJSC "Kabardino-Balkarian GSM", reported the press-centre of UTK.

This decision of the Board of Directors of "UTK" PJSC was taken in the context of the Company’s policy on reorganization of its non-core businesses (Minutes № 12 of October 31, 2007).