 |
January 30, 2008 |
|
|
|
 |
COMSTAR-UNITED: To Build NGN Network in Ukraine Comstar-United TeleSystems JSC signed an agreement with Cisco for the delivery of equipment to build NGN multi-service network in Ukraine. Kvazar Mikro, a subsidiary of Sitronics JSC, will act as a subcontractor for the installation and launch of the network. Comstar completed the tender for the delivery of equipment to build and modernize the backbone transportation network in Ukraine and city multi-service communications networks in Kiev and Odessa in December 2007. Comstar plans to install Cisco hub router and backbone router and also aggregation and network management equipment. The project is expected to be launched in the second quarter of 2008. The backbone network equipment will be installed in service centers in Kiev and Odessa, and will join both networks. Other cities will be added to the backbone infrastructure in the future. The company plans to provide its private clients with Triple Play services and its corporate clients with virtual private networks, telephony, high speed broadband, based on multiservice city networks. The number of subscribers is expected to exceed 125,000 by 2011 in Kiev and Odessa. "NGN technology will allow us to improve the quality of our services, introduce new products and enable our clients to manage them. The signing of the agreement for the delivery of NGN equipment is an important step for Comstar in building the new generation network in Ukraine. We plan to integrate all future networks in Ukrainian cities where we intend to offer telecom services, into Comstar's unified NGN Network," Alexander Kirillov, Comstar's vice president for technologies disclosed. Headquartered in Moscow, Russia, Comstar-UTS -- http://www.comstar-uts.com/en/ -- is the largest provider of fixed line telecommunication services in the Moscow metropolitan area with a population of over 10 million, 5 regions of Russia, Ukraine and Armenia. As at Dec. 31, 2006, Comstar had US$1.12 billion in revenues and US$428.6 million in EBITDA (excluding US$62 million stock bonus awards). * * * As of Dec. 10, 2008, Comstar-United TeleSystems carries Moody's long-term corporate family rating of Ba3 with positive outlook. Standard & Poor's gave the company BB- on long-term foreign issuer credit rating and BB- on long-term local issuer credit rating. The outlook is positive. |
|
|
||
|
Today's Top Stories have been selected from the Troubled Company Reporter - Europe. To receive the Full TCR-EUR please CLICK HERE.
