JSC Lensvyaz (merged with North-West telecom)

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JSC Lensyvaz is the regional telecom operator in Leningrad oblast, located in Northwest Russia. The company provides basic local telephone services. It also provides Internet, data transmission services and access to national and international services through Rostelecom’s infrastructure. The company’s revenues in 2003 totaled US$ 45.4 million and the fixed line tele-density in its area was 25.49 per 100 inhabitants. The divestiture of JSC Lensyvaz took place in 1993 when the regional fixed line operators were corporatized and 49% of shares were transferred to the public through the Russian voucher privatization program. Svyazinvest controls JSC Lensyvaz, owning 51% of voting shares and 38% of common shares. The employees and individual investors constituted the remaining shareholders. JSC Lensyvaz was merged with mega-regional company JSC North-West Telecom in 2004.