Notice of Results

RNS Number:9989S
Teleset Networks PCL
24 April 2008



Press Announcement



FOR IMMEDIATE RELEASE                            24 April 2008





Notification of 2007 Results


Teleset Networks ("Teleset" or "the Company"), a leading private fixed-line
telecom network operator in the Republic of Tatarstan, Russia, will announce
financial results for the year ended 31 December 2007 on Tuesday, 6 May 2008.


On 18 January 2008, Teleset announced that it continues to achieve strong,
profitable growth.


Since then, the Company has successfully raised �5.0 million, via the issue of
20 million new ordinary shares at a price of 25 pence each, to enable it to
enter into negotiations for possible acquisitions in Russia.



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CONTACTS



Teleset Networks                                           +357 22 450 790
Yiannis Demetriou

Blue Oar Securities Plc - Nominated Adviser                +44 20 7448 4400
Shane Gallwey / John Wilkes / Toby Gibbs

Metropol (UK) Limited - Broker                             +44 20 7439 6880
Alexander Selegenev

Bankside Consultants - Financial PR adviser                +44 20 7367 8888
Simon Bloomfield, Steve Liebmann or Andy Harris



About Teleset


Teleset is a leading private fixed-line telecom operator in the Republic of
Tatarstan, Russian Federation, where the business has been operating since 1996.


In Kazan, the capital of the Republic of Tatarstan, Teleset owns an all-digital
local network with current switching capacity of 130,000 lines. Its US$17
million acquisition of TNPKO in November 2006 improved its coverage of Kazan
where its market share is approximately 27 per cent for voice traffic and 29 per
cent for data traffic.


Management's strategy is to become Tatarstan's leading telecom operator and to
expand into other cities within the Russian Federation, both organically and
through carefully selected acquisitions. The US$10.8 million acquisition in
November 2007 of OOO Svyazinvest, the third largest fixed-line telecom operator
in Naberezhnie Chelny, was the first strategic move by Teleset outside Kazan.
Naberezhnie Chelny, where the Company has a market share of approximately 10 per
cent, is the second largest city after Kazan in the Republic of Tatarstan.


Another key objective is to generate incremental revenues from its network. To
this end, in August 2007 the company launched a new cable TV service in four
districts of Kazan, (Aviastroitelny, Kirovsky, Novo-Savinovsky and Privolzhsky),
with a total addressable market of approximately 250,000 flats. The Company
plans to roll out the service in the other three districts of Kazan.


Major long-term shareholders include funds managed by Templeton Asset Management
Ltd., by the Black Sea Trade and Development Bank, an international financial
institution, and by Deutsche Bank.






                      This information is provided by RNS
            The company news service from the London Stock Exchange

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