Murmanskelectrosvyaz (merged with North-West Telecom)

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Murmanskelectrosvyaz is the regional telecom operator in the Murmansk Region above the Arctic Circle in European Russia. Murmansk Region has a population of 1.06 million and is located in the Kola Peninsula bordering Norway and Finland. The company provides basic local telephone services. It also provides national and international services through Rostelecom. Murmanskelectrosvyaz was privatized in December 1993, after the formation of Svyazinvest, the national holding company. Svyazinform held 38% of the common stock, and 51% of the voting rights by 1998. The employees and individual investors constituted the remaining shareholders. The company's installed capacity was 244,000 lines in 1996. Became a branch of JSC North-West Telecom in November 2002.