Madrid, November 03, 2010 -- Moody's Investors Service has today withdrawn
Far East Telecom's (FET) Ba3 corporate family rating (CFR) and Aa3.ru
national scale rating because of the company's reorganization and
incorporation into the Rostelecom group.
The reorganisation of Rostelecom is expected to involve the merger of all
seven Russian regional telecoms operators (including FET) into the group
in Q1 2011. From that point, these individual companies will cease to
exist as separate legal entities.