Directorate Change

    RNS Number : 5163J
  Teleset Networks PCL
  04 December 2008
   

    

 FOR IMMEDIATE RELEASE  4 December 2008

    Teleset Networks appoints Non-Executive Director
    Teleset Networks PCL ("the Company"; LSE: TNW), a leading alternative fixed-line telecom operator headquartered in Kazan, the capital of
the Republic of Tatarstan, Russian Federation, announces the appointment of Mr. Matjaz Schroll as a Non-Executive Director with effect from
15 December 2008.
    Mr. Schroll is an Executive Director of Franklin Templeton Investments which holds 20.54 per cent of the Company through Templeton
Strategic Emerging Market Funds II.
    Philippos Vatiliotis, Chairman, commented:
    "The Board is delighted to welcome Mr. Schroll as a Non-Executive Director. Templeton has been a very supportive shareholder of Teleset
Networks and we look forward to receiving the benefit of his advice and experience."
    Mr Schroll, aged 35 years, has not held any other directorships in the past five years.
    There is no other information that should be disclosed under rule 17 schedule 2 paragraph (g) of the AIM Rules.
    END

    CONTACTS

 Teleset Networks                                 [phone]
 Yiannis Demetriou

 Blue Oar Securities Plc - Nominated Adviser    [phone] 
 Shane Gallwey, Matt Marchant, Blaine Tatum

 Metropol (UK) Limited - Broker                  [phone]
 Alexander Selegenev

 Bankside Consultants - Financial PR adviser     [phone]
 Simon Bloomfield, Steve Liebmann, Andy Harris

    About Teleset Networks

    Teleset is a leading alternative fixed-line telecom operator headquartered in the Republic of Tatarstan, Russian Federation, where the
business has been operating since 1996.  The Company has a total of approximately 160,000 subscribers.

    In Kazan, the capital of the Republic of Tatarstan, Teleset owns an all-digital local network with current switching capacity of 135,000
lines. Its US$17 million acquisition of TNPKO in November 2006 improved its coverage of Kazan where its market share is approximately 29 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.  The
US$15.7 million acquisition, in September 2008, of a 51% interest in OOO Simbirsky Telecommunications Systems ("STS") was Teleset's first
strategic move outside the Republic of Tatarstan.   STS is based in Ulyanovsk, the capital city of the Ulyanovsk Region of Russia, where it
is the leading independent fixed-line operator with a market share of approximately 13 per cent, just under 30,000 subscribers and a network
which covers all four districts of the city.  

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