October 13, 2010, Moscow. COMSTAR – United TeleSystems /COMSTAR-UTS OJSC, LSE: CMST/, the largest operator of integrated telecommunications services in Russia and the CIS, announces that Valery Goldfeld has been appointed Deputy General Director - technical director CJSC COMSTAR-Regions /100% subsidiary of OJSC COMSTAR-UTS/. He was appointed to this post by order of the General Director of COMSTAR-Regony CJSC and began to perform his duties on September 23.

Subordinate to the technical director are the Capital Construction Department, Operation Department, Development Department and information technologies.

Victor Koresh, CEO CJSC COMSTAR-Regions noted: “The construction and modernization of communication networks today are the primary tasks for regional business"COMSTAR". Expanding the company's presence in the regions also requires the unification of the technologies used, and the competitive situation and the needs of subscribers dictate the need to develop and implement new services. I am confident that Valery Goldfeld will quickly join the team and successfully cope with the assigned tasks.”

Valery Goldfeld was born in 1969, graduated from the Faculty of Automatic Telecommunications of the Moscow Technical University of Communications and Informatics with a degree in Telecommunications Engineer. Worked in Russian companies and representative offices foreign companies in Russia. He was the technical director of CenterTelecom Service and Active Telecom, and from 2007 to 2009 he was an adviser to the vice president for technology at COMSTAR-UTS OJSC. From March 2009 until joining COMSTAR-Regions, V. Goldfeld worked as the chief engineer of the representative office for the Russian Federation and the CIS of Huawei Technologies Co. Ltd.

"COMSTAR - United TeleSystems" - subsidiary OJSC Mobile TeleSystems /NYSE: MBT/, the largest operator fixed line in Moscow, providing operators with to corporative clients and private users of telephony services, data transmission, Internet access, pay television and others additional services, using the core network and last mile access in 96% of Moscow households. In addition, the Group provides telecommunications services in six federal districts of Russia, as well as in Armenia and Ukraine. The subscriber base of COMSTAR-UTS in Moscow as of the end of the 2nd quarter of 2010 amounts to 3.6 million residential telephone subscribers, including 867 thousand residential broadband subscribers in the capital, as well as 2.7 million residential subscribers in the regions of Russia and the CIS, including 495 thousand residential broadband subscribers and 2.1 million pay television subscribers. The consolidated revenue of the Group of Companies for the first half of 2010 amounted to US$ 818.1 million, the OIBDA margin was 42%. Securities COMSTAR-UTS is admitted to trading on the London Stock Exchange under the ticker CMST. Additional information information about the Group of companies can be found at www.comstar.ru.

CJSC COMSTAR-Regions is a 100% subsidiary of OJSC COMSTAR-UTS, uniting the regional assets of the COMSTAR-UTS Group of Companies. Provides telephony, data, broadband access Internet, pay television. It has a unified management structure, including the North-Western branch, Southern branch, Central branch, Volga branch, Ural branch, Siberian branch, managing communication service centers in more than 110 cities of Russia.

Certain information contained in this press release may contain forward-looking statements or other forward-looking statements regarding future events or future financial activities"COMSTAR-UTS" company. You can identify forward-looking statements by the presence of the terms “expect”, “believe”, “anticipate”, “estimate”, “intend”, “will”, “possibly”, “could”, “likely”, and the presence of the negatives of these terms, or other similar expressions. We caution you that these statements are only forward-looking statements and that actual events or results may differ materially. COMSTAR-UTS does not intend to update these statements to reflect events and circumstances occurring after the date stated herein or to reflect the occurrence of unanticipated events. There are many factors that could cause actual results to differ materially from those contained in our assumptions or forward-looking statements. These include /among others/ general economic conditions, our competitive environment, risks associated with operating in Russia, rapid technological and market changes in our areas of activity, as well as many other risks specifically related to COMSTAR-UTS and its activities.

He is suspected of embezzling several hundred thousand dollars during the construction of a data center for Akado.

Former employee of the telecommunications and IT equipment manufacturer Huawei Valery Goldfeld is placed under House arrest. Vedomosti was told about this by two people familiar with several top managers of the vendor. The investigation against him was initiated at the request of Huawei itself, they clarify. According to Vedomosti’s interlocutors, searches took place at Huawei’s office on Krylatskaya Street on Friday.

Earned money from Akado

Goldfeld headed the vendor’s key account department from 2015 to 2016. One of the largest projects he led was the supply of Huawei equipment to Akado. In 2015, the operator announced that Huawei would build a data center in Moscow on Varshavskoye Shosse for Komkor (part of the Akado group of companies). This was supposed to be the first data processing center (DPC) in Russia that Huawei will create from start to finish, clarifies a source close to one of the project participants.

According to Vedomosti’s interlocutors, Goldfeld offered to make payments from Akado to Huawei through a third company, and he informed both partners that this was the requirement of the second party. As a result, part of the amounts was “stuck” with the intermediary company. The vendor believes that the company was created by Goldfeld himself and accuses him of causing damages of several hundred thousand dollars.

Akado is aware of the proceedings related to the theft of Huawei funds, says a source close to the company.

Unique project with a good budget

The data center for Akado (area - 1200 sq. m and designed for 200 racks) was positioned as the first data center completely created by the vendor without the help of integrator companies. “Huawei acted as the general contractor for the project: specialists carried out a full range of activities, from design to equipment supply, installation and commissioning,” the companies said in a statement. This is the first commercial data center that Huawei is building in Russia on a turnkey basis, Goldfeld himself told Vedomosti at the time. According to him, the project was based on Huawei technologies - from server cabinets, uninterruptible power supply systems, cooling systems to a comprehensive control and monitoring system for engineering infrastructure. The contract provided not only for the construction of the data center, but also for its certification and two-year support, Goldfeld said.

Akado can be valued without taking into account debt at approximately three annual revenues, or 6-7 EBITDA, that is, in the range of approximately 25-34 billion rubles.

iKS-Consulting analyst Tatyana Temkina said that she does not remember telecommunications equipment manufacturers building data centers in Russia from start to finish. As a rule, data centers are built by specialized integrators, of which there are few in Russia.

A source close to him estimated the total budget of the data center construction project at approximately $7 million (about 4.3 billion rubles at the 2015 exchange rate). The company did not disclose how much the operator paid the vendor for the supply of equipment for the data center.

Left for competitors

The interlocutors clarify that the case against Goldfeld got under way after he moved to work for another Chinese vendor, Huawei’s closest competitor, ZTE. According to these people, Goldfeld's team at ZTE tried to take contracts from his former employer.

Experienced manager

Goldfeld has been working in the telecommunications market since the early 2000s. He served as technical director of Centertelecom Service and Active Telecom, and from 2007 to 2009 he was an advisor to the vice president for technology at the fixed-line operator Comstar - United Telesystems. Then Goldfeld worked as the chief engineer of the representative office for the Russian Federation and the CIS of Huawei, after which he returned to the Comstar structures. There he worked as Deputy General Director - Technical Director of Comstar-Regions (in 2010 Comstar was merged with MTS) until his return to Huawei.

The largest clients of Huawei and ZTE are approximately the same - Rostelecom, MGTS, mobile operators. ZTE's purchases from MGTS have increased since 2015. If in 2015 they amounted to only 2.3 million rubles, then the next year they grew to 517.3 million rubles, and in the current year they already amount to 958.74 million rubles.

A Huawei representative did not comment on the information about the vendor’s claims against the manager and the filing of an application with law enforcement agencies. The company does not know whether Goldfeld is under arrest, since the manager no longer works for the company. He denied conducting searches in the office in Krylatskoye.

ZTE is not aware of Goldfeld's arrest, a ZTE spokesman said, adding that the manager left the company more than six months ago, and ZTE does not track his life former employees. In total, Goldfeld worked at the company for a little less than a year, he clarifies.

An Akado representative declined to comment. Representatives of the Ministry of Internal Affairs did not respond to Vedomosti’s request, and a representative of the Investigative Committee of Russia did not answer the call.

Serious consequences

Several options for bringing charges immediately come to mind - these are fraud, and a criminal association, and the actions of a group of persons by prior conspiracy, and, quite possibly, economic crimes associated with the use of a shell company, and tax evasion, says the executive director of the law firm HEADS Consulting Nikita Kulikov. Without studying the basic elements of the case and evidence base It is premature for the accusing party to draw any specific conclusions, but the above grounds will most likely be mentioned in the investigation materials, he clarifies. In any case, the damage is very large, and besides, law enforcement agencies intervened in the case, and therefore, the consequences for the manager can be very serious, even if he admits his guilt and tries to compensate for the damage caused, Kulikov summarizes.

10/13/2010, Wed, 11:10, Moscow time, Text: Mikhail Ivanov

Valery Goldfeld has been appointed Deputy General Director - Technical Director of Comstar-Regions (100% subsidiary of Comstar-UTS). Reportedly, he was appointed to this post by order of the General Director of Comstar-Regions and began to perform his duties on September 23.

Subordinate to the technical director are the capital construction department, operation department, development department and information technology department.

Victor Koresh, General Director of Comstar-Regions, noted: “The construction and modernization of communication networks today are the primary tasks for Comstar’s regional business.” Expanding the company's presence in the regions also requires the unification of the technologies used, and the competitive situation and the needs of subscribers dictate the need to develop and implement new services. I am confident that Valery Goldfeld will quickly join the team and successfully cope with the assigned tasks.”

Valery Goldfeld was born in 1969, graduated from the Faculty of Automatic Telecommunications of the Moscow Technical University of Communications and Informatics with a degree in Telecommunications Engineer. Worked in Russian companies and representative offices of foreign companies in Russia. He was the technical director of CenterTelecom Service and Active Telecom, and from 2007 to 2009 he was an adviser to the vice president for technology at Comstar-UTS. From March 2009 until joining Comstar-Regions, Goldfeld worked as the chief engineer of the representative office for the Russian Federation and the CIS of Huawei Technologies.

COMSTAR - United TeleSystems is a subsidiary of Mobile TeleSystems OJSC (NYSE: MBT), the largest fixed-line operator in Moscow, providing telephony, data transmission, Internet access, pay television and other additional services to operators, corporate clients and private users. services using the core network and last-mile access in 96% of Moscow households. In addition, the Group provides telecommunications services in six federal districts of Russia, as well as in Armenia and Ukraine. The subscriber base of COMSTAR-UTS in Moscow as of the end of the 2nd quarter of 2010 amounts to 3.6 million residential telephone subscribers, including 867 thousand residential broadband subscribers in the capital, as well as 2.7 million residential subscribers in the regions of Russia and the CIS, including 495 thousand residential broadband subscribers and 2.1 million pay television subscribers. The consolidated revenue of the Group of Companies for the first half of 2010 amounted to US$ 818.1 million, the OIBDA margin was 42%. COMSTAR-UTS securities are admitted to trading on the London Stock Exchange under the ticker CMST. Additional information about the Group of companies can be obtained at www.comstar.ru.
CJSC COMSTAR-Regions is a 100% subsidiary of OJSC COMSTAR-UTS, uniting the regional assets of the COMSTAR-UTS Group of Companies. Provides telephony, data transmission, broadband Internet access, and pay television services. It has a unified management structure, including the North-Western branch, Southern branch, Central branch, Volga branch, Ural branch, Siberian branch, managing communication service centers in more than 110 cities of Russia.

Certain information contained in this press release may contain forward-looking statements or other forward-looking statements regarding future events or the future financial performance of COMSTAR-UTS. You can identify forward-looking statements by the presence of the terms “expect”, “believe”, “anticipate”, “estimate”, “intend”, “will”, “possibly”, “could”, “likely”, and the presence of negative derivatives of these terms, or other similar expressions. We caution you that these statements are only forward-looking statements and that actual events or results may differ materially. COMSTAR-UTS does not intend to update these statements to reflect events and circumstances occurring after the date stated herein or to reflect the occurrence of unanticipated events. There are many factors that could cause actual results to differ materially from those contained in our assumptions or forward-looking statements. These include (among others) general economic conditions, our competitive environment, risks associated with operating in Russia, rapid technological and market changes in our areas of activity, and many other risks specific to COMSTAR-UTS. and its activities.

Additional Information:
COMSTAR-United TeleSystems
Ekaterina Nevskaya
Tel. +7 495 950 02 54
e-mail: [email protected]

COMSTAR-Regions
Anastasia Gromova
Tel. +7 916 641 92 52
e-mail: [email protected]

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Telecommunications and Communications

October 13, 2010, Moscow. COMSTAR - United TeleSystems announces that Valery Goldfeld has been appointed Deputy General Director - Technical Director of COMSTAR-Regions CJSC (100% subsidiary of COMSTAR-UTS OJSC).

He was appointed to this post by order of the General Director of COMSTAR-Regions CJSC and began to perform his duties on September 23.

Subordinate to the technical director are the Capital Construction Department, the Operations Department, the Development Department and the Information Technology Department.

Victor Koresh, General Director of COMSTAR-Regions CJSC, noted: “The construction and modernization of communication networks today are the primary tasks for COMSTAR’s regional business.” Expanding the company's presence in the regions also requires the unification of the technologies used, and the competitive situation and the needs of subscribers dictate the need to develop and implement new services. I am confident that Valery Goldfeld will quickly join the team and successfully cope with the assigned tasks.”

Valery Goldfeld was born in 1969, graduated from the Faculty of Automatic Telecommunications of the Moscow Technical University of Communications and Informatics with a degree in Telecommunications Engineer. Worked in Russian companies and representative offices of foreign companies in Russia. He was the technical director of CenterTelecom Service and Active Telecom, and from 2007 to 2009 he was an adviser to the vice president for technology of COMSTAR-UTS OJSC. From March 2009 until joining COMSTAR-Regions, V. Goldfeld worked as the chief engineer of the representative office for the Russian Federation and the CIS of Huawei Technologies Co. Ltd.

COMSTAR - United TeleSystems is a subsidiary of Mobile TeleSystems OJSC (NYSE: MBT), the largest fixed-line operator in Moscow, providing telephony, data transmission, Internet access, pay television and other additional services to operators, corporate clients and private users. services using the core network and last-mile access in 96% of Moscow households. In addition, the Group provides telecommunications services in six federal districts of Russia, as well as in Armenia and Ukraine. The subscriber base of COMSTAR-UTS in Moscow as of the end of the 2nd quarter of 2010 amounts to 3.6 million residential telephone subscribers, including 867 thousand residential broadband subscribers in the capital, as well as 2.7 million residential subscribers in the regions of Russia and the CIS, including 495 thousand residential broadband subscribers and 2.1 million pay television subscribers. The consolidated revenue of the Group of Companies for the first half of 2010 amounted to US$ 818.1 million, the OIBDA margin was 42%. COMSTAR-UTS securities are admitted to trading on the London Stock Exchange under the ticker CMST. Additional information about the Group of companies can be obtained at www.comstar.ru.

CJSC COMSTAR-Regions is a 100% subsidiary of OJSC COMSTAR-UTS, uniting the regional assets of the COMSTAR-UTS Group of Companies. Provides telephony, data transmission, broadband Internet access, and pay television services. It has a unified management structure, including the North-Western branch, Southern branch, Central branch, Volga branch, Ural branch, Siberian branch, managing communication service centers in more than 110 cities of Russia

Certain information contained in this press release may contain forward-looking statements or other forward-looking statements regarding future events or the future financial performance of COMSTAR-UTS. You can identify forward-looking statements by the presence of the terms “expect”, “believe”, “anticipate”, “estimate”, “intend”, “will”, “possibly”, “could”, “likely”, and the presence of negative derivatives of these terms, or other similar expressions. We caution you that these statements are only forward-looking statements and that actual events or results may differ materially. COMSTAR-UTS does not intend to update these statements to reflect events and circumstances occurring after the date stated herein or to reflect the occurrence of unanticipated events. There are many factors that could cause actual results to differ materially from those contained in our assumptions or forward-looking statements. These include (among others) general economic conditions, our competitive environment, risks associated with operating in Russia, rapid technological and market changes in our areas of activity, and many other risks specific to COMSTAR-UTS. and its activities.