Beta Telecom (merged with Delta Telecom)

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Beta Telecom, a cellular operator (in the city of Pskov) began its commercial activities in September of 1996. It was established as a joint venture between Telecominvest (60%) and the local operator Electrosvyaz of Pskov (30%). The company offered an entire spectrum of NMT-450i-standard mobile telecommunications services on the territory of Pskov Oblast, with a population of 823.2 thousand people and it had 300 subscribers by 1997. The network had four base stations covering the territory around Pskov, including highways to St. Petersburg. In mid-2001 Telecominvest sold 51% share in Beta Telecom to North-West GSM (later known as MegaFon) for US$53 thousand. In November 2001 also Elektrosvyaz sold its 40% share in Beta Telecom to North-West GSM for US$210 thousand and increased it’s stake in the company to 91%, and later in the year to 100% through purchasing 9% shares from individual shareholders. Telecominvest is Northwest GSM's biggest shareholder, with a 45% stake in 2002. Beta Telecom's NMT-450 network consisted of 11 base stations servicing 500 subscribers in mid-2002. In June 2002 Mobile operator MegaFon (previously Northwest GSM) sold to Delta Telecom the NMT-450 network equipment formerly belonged to Beta Telecom. The company currently provides GSM-900/1800 standard mobile services. Its license to provide NMT-450 services has expired. Currently - Part of Megafon None