Sakhalinsvyaz (merged with Dalsvyaz)

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Sakhalinsyvaz provides local and long distance telephone services in Sakhalin Oblast, including the Kurile Islands. The company formed in 1996 by merging of JSC Sakhalinelectrosvyaz and JSC City Telephone Company. The main share holders were Syvazinvest (49%), and Cable and Wireless (38%) by 1998. The rest of the stock is held by private Russian companies. Sakhalisvyaz has three licenses obtained from the Ministery of Transport and Communications, one for electrosvyaz services including local, long distance, and international telephone, one for wireless broadcast, and one for paging services. The JSC consists of 16 branches: Y-S City Telephone Station (GTS), one telegraph station (TTS), Telecommunications of South Sakhalin, 3 inter-regional, and 10 regional branches. Cable and Wireless won the investment auction in 1995. The shares were priced at their nominal value, but Cable and Wireless promised to make investments upto $10 million. The company invested $20 million between 1995 and 1998. The company planned to invest an additional US$20 million. Became a branch of Dalsvyaz in November 2002.