Subsidiaries

These consolidated financial statements include the assets, liabilities and results of operations of the following significant subsidiaries:


    Effective share of the Group as at 31 December
Subsidiary Main activity 2012 2011 2010
         
CJSC MTs NTT Communication services (fixed line) 100% 100% 100%
CJSC Westelcom Leasing of equipment 100% 100% 100%
CJSC Zebra Telecom Communication services 100% 100% 100%
OJSC RTComm.RU Communication services (internet) 99.51% 99.51% 99.51%
OJSC RTS Communication services 100% 100% 100%
LLC GTS Communication services - - 100%
CJSC NSS Communication services (mobile) 100% 100% 100%
OJSC Stavtelecom Communication services - - 100%
LLC Uzhno-Uralskaya telefonnaya compania Communication services 100% 100% 100%
CJSC Baikalwestcom Communication services (mobile) 100% 100% 100%
CJSC Yenisey telecom Communication services (mobile) 100% 100% 100%
CJSC Akos Communication services (mobile) 94.45% 94.45% 94.45%
CJSC Novocom Communication services (internet) - - 100%
CJSC Globus-Telecom Communication services 94.92% 94.92% 94.92%
CJSC GlobalTel Communication services 51% 51% 51%
OJSC National Telecommunications Communication services (pay TV) 100% 71.8% -
LLC Mobitel Investment company 99.99% 99.99% -
CJSC Volgograd-GSM Communication services (mobile) 100% 100% 50%
CJSC Orenburg-GSM Communication services (mobile) - 100% 51%
CJSC Severen-Telecom Communication services 100% 100% 100%
CJSC GNC Alfa Communication services 74.98% - -
OJSC Mosteleset Communication services (pay TV) 100% 74% 74%
CJSC Chita-Online Communication services (internet) 100% - -
CJSC Sky Link Communication services (mobile) 100% 100% 100%
CJSC MS-Direct Communication services (mobile) 100% 100% 100%
CJSC Delta telecom Communication services (mobile) 100% 100% 100%
OJSC Moscovskaya sotovaya svyaz Communication services (mobile) 100% 100% 100%
         
OJSC OK Orbita Recreational services 100% 100% 100%
CJSC RPK Svyazist Recreational services 100% 100% 100%
CJSC BIT Communication services (mobile) 100% 100% 100%
Rostelecom International (former Teleset Networks Public Company Limited) Communication services 100% 100% 100%
LLC Enter Communication services (internet) 100% - -
LLC KM Media IT consulting 74.99 - -
OJSC Svyazintek IT consulting 98% 98% 98%

All the above entities have the same reporting date as the Group.

All significant subsidiaries, except for Rostelecom International, are incorporated in Russia. Rostelecom International is incorporated in Cyprus.

In 2012 CJSC Orenburg-GSM was merged with CJSC NSS. In 2011 the Group increased its share in CJSC Orenburg-GSM from 51% to 100%. Additional shares were bought for cash payment of 116 from OJSC Srednevolzhskaya mezhregionalnaya assotsiatsia radiotelecommunicatsionnih system.

In 2012 the Group increased its share in OJSC Mosteleset from 74% to 100%. Additional shares were bought for cash payment of 1,800 from government of Moscow.

In March 2012 the Group increased its share in OJSC National Telecommunications from 71.8% to 100%. Additional shares were bought for cash payment of 13,826 from OJSC Gazprombank. In February 2011 the Group acquired 71.8% equity interest in OJSC National Telecommunications from CJSC National Media Group, OJSC Surgutneftegaz and Raybrook Limited. The purchase price amounted to USD 951 million.

In August 2011 the Group increased its share in CJSC Volgograd-GSM from 50% to 100%. Additional shares were bought for cash payment of 2,322 from Bolaro Holdings ltd, CJSC Info-Telecom and OJSC SMARTS.

OJSC Stavtelecom, LLC GTS and CJSC Novocom were liquidated during 2011.

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