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Telecommunication Sector on the Move; (NYSE: MBT), (OTC Pink: KKPNY)


New York, NY -- (ReleaseWire) -- 02/19/2013 --Mobile TeleSystems OJSC (NYSE: MBT), the leading telecommunications provider in Russia and the CIS, announced decisions reached at the Company’s Extraordinary General Meeting of Shareholders held on February 14, 2013.

At the meeting it was decided to terminate the powers of the current MTS Board of Directors and elect the following persons to the MTS Board of Directors viz. Mr. Anton Abugov, Mr. Alexey Buyanov, Mr. Michel Combes, Mr. Andrei Dubovskov, Mr. Alexander Gorbunov, Mr. Thomas Holtrop, Mr. Stanley Miller, Mr. Vsevolod Rozanov and Mr. Ron Sommer.

Mobile TeleSystems OJSC, together with its subsidiaries, provides telecommunications services primarily in the Russian Federation, Ukraine, Uzbekistan, Armenia, and Belarus.

Find out more on MBT here:

Recently Macquarie upgraded Koninklijke KPN N.V. (OTC Pink: KKPNY) to Outperform from Underperform. Earlier HSBC Securities had downgraded it from Neutral to Underweight. In 2009 Bernstein had initiated the stock with Outperform and the same year Citigroup had upgraded the stock form Hold to buy.

Koninklijke KPN N.V., through its subsidiaries, provides telecommunications, and information and communication technology services. It offers wireline and wireless telephony, Internet, and television (TV) service to consumers. The company also provides voice and Internet wireline services, including fixed-line telephony access services and Internet over analog lines, digital lines, and Internet protocol (IP)-based connections.

The company was incorporated in 1989 and is headquartered in The Hague, the Netherlands.

Find out where KKNPY could be headed in the upcoming trading sessions by getting the daily trend analysis report here:

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