InvestorsHub Logo

Danielle-

08/02/06 4:38 PM

#35021 RE: Esyn #35019

Rough translation:

Russian WiMax abolishes Project on the creation in 30 cities of Russia of federal WiMax- network was completed by failure. Company GlobeTel Communications published the press release, in which it communicates about the beginning of delistinga of the actions of company from American stock exchange AMEX (American Stock Exchange). At the end of 2005 it was declared about the transaction between the American telecommunication company GlobeTel and the Moscow company OF OOO "internafta" by construction of the wireless network of the Internet- connection of standard WiMax in 30 Russian cities. It was planned, that the Russian company invests 600 million dollars, and GlobeTel will build in Russia federal wireless network. Project it was planned to realize in the course of the next 27 months, but already during May GlobeTel it reported that the transaction is located on the face of disruption in connection with the nonfulfillment by the Russian investor of its financial obligations. References on the theme - GlobeTel Communications Appeals AMEX Notice - GlobeTel, 25.07.2006 - Russian investors practically buried the design of federal WiMax- network - Lenta.ru, 15.03.2006 - 30 Russian is municipal in 2 years they will cover WiMax- networks - Lenta.ru, 11.01.2006 Sites on the theme - GlobeTel

using

http://world.altavista.com/

gary_17368

08/02/06 4:43 PM

#35024 RE: Esyn #35019

The link appears to be 'current', based upon the date(s)shown. The article on GTE is old data though (15.03.2006, 16:27:39) date code...

Sure wish I could read it though...