OREANDA-NEWS. April 1, 2008. The results of the tender for the right to conclude a contract on conducting a mandatory audit of accounting and financial statements of the OJSC North-West Telecom for 2008 in accordance with the Russian Accounting Standards (RAS) and the International Accounting Standards (IAS) were summed up.

The Tender Committee on choosing an independent auditing company the OJSC "SZT" has assessed the technical and financial proposals of the participants and has recognized an independent auditing Company Ernst and Young LLC as the winner of the tender.

The tender results will be presented to the Board of Directors of the OJSC North-West Telecom,

which should recommend a candidature for approval by the Annual General Shareholders

Meeting. A contract with the winner of the tender will be concluded provided he is approved by

the Company's Auditor and the General Shareholders Meeting.