Press release
On September 30, 2009 the board of directors of NWT held a meeting at which the company’s 2010 investment priorities were approved.
According to the decision reached, at least 88% of the total amount of North-West Telecom’s investments is to be allocated to high-yield projects. All in all, 72% of these projects are to have a high financial return (IRR>25%) and a short payback period (less than 5 years). The main focus will be on rolling out broadband Internet, the transportation network and providing telephony to newly constructed areas.
The investment plan is to be shaped with a view to the market for domestic manufacturers and software which have been duly certified.
The implementation of this investment program will allow North-West Telecom to maintain its market position in traditional telephony, and also to continue to boost its positions in the broadband Internet segment.
For the record, in line with the tasks aimed at raising the efficiency of investments, which the new management team of Svayzinvest assigned to the top management of North-West Telecom, as early as 2009 the investment program of NWT is to be realigned with a focus on high-yield projects. Over 87% of the total amount of investments is to be allocated for this purpose.
Chairman of the board of directors of North-West Telecom Evgeny Yurchenko had the following to say about this: “The implementation of the approved investment priorities will make it possible for North-West Telecom to raise the efficiency of its investment program, and also allow the Company to achieve acceptable growth of its earnings by rolling out value-added services”.
