Comstar merges into MTS and cancels GDR Listing

Moscow, Russia – “COMSTAR – United TeleSystems” JSC (“Comstar”) (LSE: CMST), the largest integrated telecommunications provider in Moscow and 84 Russian cities, with a presence in Ukraine and Armenia, today announces that, following the announcement on 24 December 2010 that Comstar shareholders had approved the merger of Comstar into Mobile TeleSystems OJSC (“MTS”) pursuant to which …

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