Potential Offer
26 Mai 2010 - 8:00AM
UK Regulatory
TIDMTNW
RNS Number : 5382M
Teleset Networks PCL
26 May 2010
Press Announcement
Teleset Networks PCL
("Teleset Networks" or the "Company")
Potential Offer
WEDNESDAY, 26 May 2010 -- The Company notes the recent movement in its share
price and the announcement by the Russian competition regulator, FAS in regard
to a potential acquisition of Teleset Networks by VolgaTelecom (MCX: NNSI). The
Company confirms that it is in discussions with VolgaTelecom which may or may
not lead to an offer for the Company.
The Company is not subject to the UK Takeover Code.
END
CONTACTS
+-----------------------------------------+--------------------+
| Teleset Networks PCL | +357 22 450 790 |
+-----------------------------------------+--------------------+
| Yiannis Demetriou | |
+-----------------------------------------+--------------------+
| | |
+-----------------------------------------+--------------------+
| Astaire Securities Plc - Nominated | +44 20 7448 4400 |
| Adviser & Broker | |
+-----------------------------------------+--------------------+
| Shane Gallwey | |
+-----------------------------------------+--------------------+
| | |
+-----------------------------------------+--------------------+
| Bankside Consultants - Financial PR | +44 20 7367 8888 |
| adviser | |
+-----------------------------------------+--------------------+
| Simon Bloomfield or Andy Harris | |
+-----------------------------------------+--------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
OFDBELLLBEFFBBD
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