08 December 2003 15:53
Sistema: Sistema to participate in the Skylink project
Moscow -- Sistema JSFC has announced its participation in a project aimed at establishing a mobile telecommunications
operator providing IMT-MC-450 (CDMA2000) format mobile telephony services. Skylink CJSC was established in July 2003 to
develop the IMT-MC-450 market among mobiles users interested in multimedia data transmission, high quality voice
traffic, and high-speed internet access.
Sistema has purchased 50% of the common shares of Skylink CJSC from Carmarthen Trading Limited. According to an
earlier protocol of intent, signed by Sistema Telecom CJSC, shareholders of Skylink will contribute to this project
their shares of MCC JSC, Delta Telecom CJSC and Personal Communications CJSC.
Sistema`s President Evgeny Novitsky said of the deal, "We are interested in participating in Skylink because it
represents the development of a new market niche and will give new life to our analogue mobile telephony assets. We have
substantial experience in the telecommunications industry, along with solid partners. For these reasons, we have every
confidence in this undertaking and in the successful development of this new operator."
About Sistema
Joint-Stock Financial Corporation Sistema ("Sistema") is one of Russia`s largest diversified holdings.
Founded in 1993, Sistema currently owns and actively manages a diversified portfolio of companies in the following
sectors: telecommunications (MTS, MGTS, MTU-Inform, Telmos, Golden Line, Comstar and others), electronics (NIIME &
Plant MIKRON as well as a number of other microelectronics enterprises), insurance (ROSNO), finance and securities (MBRD
JSB), real estate (Sistema-Hals), travel services (Intourist), retail (Detsky Mir) and others.
This release contains forecasts and projections in regards to future events based on assumptions and estimates by
Sistema management. Words like "to expect", "to think", "to evaluate", "to
forecast", "to intend", "to plan", "to project" etc. are reflecting these forecasts
and projections. These statements reflect the current position of the company. Considering possible risks and
unpredictable circumstances, including changes in the general economic situation, changes in currency and stock markets,
etc, we would like to warn you the actual results might differ from initial statements and forecasts.
Sistema does not undertake any obligations to publish results of any review of such statements, caused by events or
circumstances, taking place after the date of publication. We also are not intended to publish results of non-planned
events.
This press release is not an offer for sale of any securities in the United States. Any securities may not be offered
or sold in the United Sates absent registration or an exemption from registration under the U.S. Securities Act of 1993,
as amended. Sistema JSFC has not registered and does not intend to register any portion of any offering in the United
States or to conduct a public offering of any securities in the United States.
This communication is directed only at (i) persons who are outside the United Kingdom or (ii) investment
professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order
2001 (the "Order") and (iii) high net worth entities, and other persons to whom it may lawfully be
communicated, falling within Article 49(2) of the Order (all such persons together being referred to as "relevant
persons"). Any investment activity to which this communication relates will only be available to and will only be
engaged with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any
of its contents.
Stabilization/FSA.
This press release is not a public offer or advertisement of securities in the Russian Federation, and is not an
offer, or an invitation to make offers, to purchase any securities in the Russian Federation.
CONTACT: Olga Pestereva, Press-service Tel: +7 095 730 1705 e-mail: pestereva@sistema.ru Andre Bliznyuk, IR
department Tel: +7 095 730 1543 e-mail: bliznyuk@sistema.ru
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