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Technology Stocks : Vimpel Comm (VIP) ADR's of the Russian Cellular Phone Co. -- Ignore unavailable to you. Want to Upgrade?


To: SouthFloridaGuy who wrote (211)10/21/1998 8:54:00 PM
From: TokyoMex  Read Replies (1) | Respond to of 283
 
VimpelCom Announces the Inauguration of ItsDual-Band GSM-900/1800 Network in Moscow

Introduces New Prepaid Card Program

MOSCOW and NEW YORK, Oct. 21 /PRNewswire/ -- Open Joint Stock Company Vimpel-Communications ("VimpelCom" or the "Company") (NYSE: VIP) today announced the launch of the first phase of its new dual-band GSM-900/1800 network in Moscow. The Company also announced the introduction of a new prepaid card program.

Commenting on today's announcement, Dmitri Zimin, President and Chief Executive Officer of VimpelCom said, "We are happy to present these new strategically important features to our marketplace despite the current economic situation. The dual-band GSM-900/1800 network is the most technically advanced and, in terms of coverage/capacity, the most cost efficient way of implementing the GSM technology. VimpelCom's dual-band network is to be deployed in the Moscow License Area and later in the Central Region of Russia in the bands of 2x3 MHz and 2x20 MHz in the 900 MHz and 1800 MHz frequency ranges, respectively."

The dual-band network will incorporate VimpelCom's existing GSM-1800 network. The initial phase of the dual-band network operating in the 900 MHz band provides coverage in the central part of Moscow, along the road to the Shermetyevo International airport as well as the airport itself.

Dr. Zimin continued, "We are also pleased to announce the initiation of a new prepaid card program which will help us reach a broader spectrum of potential customers, including the more price sensitive customer segments."

Prepaid cards simplify the usage of cellular phones eliminating deposits and monthly bills and allowing subscribers to control their spending. Operators, such as VimpelCom, benefit by receiving advance payments without the need to issue invoices or monitor credit limits. Prepaid cards are initially being provided in the Company's GSM network.

VimpelCom is the largest provider of cellular telecommunications in Russia, marketing its services under the brand name "Bee Line." The VimpelCom Group operates the only Digital-AMPS cellular network and the first Russian PCS network, using GSM technology, in the Moscow License Area, which includes the City of Moscow and the Moscow Region. The VimpelCom Group holds cellular licenses covering a total population of approximately 100 million (68% of Russia's population). VimpelCom was the first Russian company listed on the New York Stock Exchange (November 1996), and trades under the symbol "VIP."

This press release contains forward-looking statements related to the development of the Company's business. These statements are based on Management's best assessment of future market conditions and trends. The actual outcome may differ from these statements as a result of unforeseen developments from competition, governmental regulations of the wireless telecommunications industry, general political uncertainties in Russia and general economic developments in Russia, all of which may be aggravated by the current economic and political crisis. As a result of such uncertainties, there can be no assurance that the current or future regulation of the Russian telecommunications industry will not have a material adverse effect on the VimpelCom Group. VimpelCom disclaims any obligation to update developments of these risk factors or to announce publicly any revision to any of the forward-looking statements contained in this release, or to make corrections to reflect future events or developments.

SOURCE VimpelCom Group

CO: VimpelCom Group

ST: New York, Russia

IN: TLS

SU: PDT

10/21/98 08:36 EDT prnewswire.com




To: SouthFloridaGuy who wrote (211)10/22/1998 12:16:00 AM
From: Urlman  Respond to of 283
 
ROS NYSE: OCTOBER: Rostelecom Satellite Communication Initiatives

AUTHOR: MARIA BREITER
INTERNATIONAL COPYRIGHT, U.S. & FOREIGN COMMERCIAL SERVICE AND U.S. DEPARTMENT OF STATE, 1998. ALL RIGHTS RESERVED OUTSIDE OF THE UNITED STATES

Rostelecom, the Russia's major operator of communications networks, is starting to penetrate in satellite communications with the following major projects:

- North East project. The purpose of this project is to improve communications within the remote areas in the north-eastern part of Russia by replacing the existing tropospheric radio relay line built in 1970's. The first stage of the project uses a 103 degrees satellite (jointly with NPO Crosna). Presently, there is a satellite communications system in place connecting Khabarovsk, Magadan, Yakutsk and Tiksi. In the future, the rest of the area will be covered.

- GlobalTel is the second satellite project that involves construction of Rostelecom's "superhighways" linking major Russian cities with Europe and Asia. By the end of 1999, all long distance exchanges of local carriers will have access to the digital network via transit nodes, via terrestrial digital lines or via satellite network.

- The third project will be done jointly with Lockheed-Martin-Intersputnik (LMI). At the end of 1998, LMI-1 A2100AX series (1,730 kg in weight) satellite is to be put into 75 degrees of eastern longitude over the Indian Ocean and will cover the entire territory of former Soviet Union (except Kamchatka), as well as Africa, Eastern Europe, and South and South-East Asia. It will be commissioned into operation in the first quarter of 1999 and will have a service life estimated at 15 years. The satellite will be launched from a Proton D-1E. The cost of the launch and insurance will be about US$100 million. Rostelecom has purchased 25 transponders on the satellite (out of total of 44), 34 Mgbit each. In 1998, Rostelecom will build 26-30 ground stations in the Russian areas inaccessible by terrestrial digital communications lines.

In July 1998, LMI announced its latest project- creation of a global satellite communications system. According to the TEC NIS Newsletter, the project is scheduled over four years and involves the manufacture and launch of four new-generation satellites to establish a telecommunications service system with worldwide coverage and the capability to provide a complete range of services. The system will offer - besides the traditional TV, radio and telephone services - dedicated satellite networks (using VSAT technology), TV distribution networks, high-speed data transmission networks (including multimedia), mobile communications, and broad-band trunk channels. The overall cost of the project will be over US$1 billion.

In May, 1997, Teleport-TP company, established by Rostelecom and the Irish company Technocom Ltd., announced the start of use of Satelink, all-Russia digital satellite communications network. The network is established using Intelsat 704 satellite that covers over 80 percent of the Russian territory. Teleport-TP established a number of satellite ground stations. For this network, the company purchased Skylinx equipment from Scientific Atlanta. Teleport-TP clients included regional PSTN operators, large enterprises with a number of branches, commercial banks, and Internet providers. Khantymansiysktelecom (Surgut, Russia), Tatarstan Ministry of Communications, Svyazinform (Astrakhan), and Dagestaninform (Makhachkala) are using Teleport-TP channels.

There is a number of local broadcasting companies that lease satellite facilities. For instance, MIR Intergovernmental TV and radio company leases a transponder of Intelsat and uses earth stations located in 11 cities of the Former Soviet Union with a central teleport in Moscow. MIR was founded in 1992 by Russia, Azerbaijan, Armenia, Belarus, Kazakhstan, Kyrgystan, Moldova, Georgia, Tajikistan, and Uzbekistan. MIR is engaged in production and distribution of TV and radio programs as well as satellite broadcasting of TV and radio, and leasing of satellite communication channels. The company holds licenses for both broadcasting and telecommunications, including data transmission, local and trunk telephony, and videoconferencing.

A number of telecommunications service providers, such as Combellga, Comstar, Direct Net, and many others lease capacity for providing international voice services. Combellga is one of the first telecommunications companies organized in Russia in 1991, at the initial stage of economic reforms. The shareholders are: Alcatel Bell Telephone, manufacturer of telecom equipment, Belgacom (Belgian PTT), an operator, Comincom Russian joint stock company, and MGTS (Moscow PSTN). Combellga provides its services to more than 3,500 business customers in Moscow, including hotels and business centers, multinational corporations, embassies, international organizations, and TV, radio and press agencies. All international calls are routed through two independent satellite earth stations (capacity leased from Eutelsat) and Baltic optical cables.

########
Russian national long-distance carrier Rostelecom has leased 25 channels from the LMI-1 satellite. The channels to be leased will have a total capacity of 4.5 gigabits per second and will be used to modernize and expand Russia's trunk telephone network. Rostelecom plans to build between 26 and 30 ground stations to provide telecommunication services to remote and underserved areas of Russia. The stations will be installed at all automatic switched communications nodes and in towns which do not receive digital flows via terrestrial facilities, except Far Eastern peninsula of Kamchatka, which lies beyond the LMI-1 footprint. The channels will also be used as a reserve for fiber-optic networks and for emergency situations.

SOURCE: itaiep.doc.gov