MOCC Moscow Cablecom (MM)

NEW YORK, Dec. 8 /PRNewswire-FirstCall/ -- Moscow CableCom Corp. (NASDAQ:MOCC) today announced the growth of its homes passed network and growth in the number of active subscribers for its broadband services in Moscow as of November 30, 2006: ACTIVE SUBSCRIBERS Nov. 30, Oct. 31, Change Percent Dec. 31, YTD Percent 2006 2006 (1 month) Change 2005 Change Change (11 months) Homes passed 756,586 731,639 24,947 3.4% 325,954 430,632 132.1% Terrestrial Broadcasting subscribers 161,725 149,244 12,481 8.4% 85,994 75,731 88.1% % Saturation 21.4% 20.4% 26.4% Pay TV subscribers 58,428 53,693 4,735 8.8% 15,618 42,810 274.1% % Saturation 7.3% 7.3% 4.8% Internet subscribers 90,231 82,841 7,390 8.9% 34,600 55,631 160.8% % Saturation 11.3% 11.3% 10.6% Mikhail Smirnov, the Company Chief Executive Officer, stated, "In November, we continued to expand AKADO's network in the northeast of Moscow where we came across more sparsely populated areas with lower rise buildings. As a result, we experienced a slowdown in the pace of network expansion and project to pass 25,000-30,0000 new homes per month over the next few months. Despite this slowdown, AKADO continued to add record numbers of customers in all three product categories, further improving our penetration of the existing areas." The Company also announced the levels of customers which it considers are still subscribers based on the numbers of such customers who have been inactive for not more than six months. Detailed analysis of the patterns of customer deactivation and reactivation during recent years has shown that the number of inactive subscribers who have paid for the Company's services within the past six months represents a reliable estimate of the number of customers in its data base that can be reasonably expected to re-activate services and resume become paying subscribers. The Company has a policy of requiring payment for its Pay TV and Internet services in advance of the services being provided. As a result, temporary deactivations of these services occur regularly occur which are not indicative of the permanent loss of the subscriber as a paying customer. The Company is presenting these data in addition to the active subscriber information in the belief that this will assist in the comparison of the Company's market penetration information with that of the Company's competitors in the Moscow market. The following data of total customers differ from previously reported total customers on the Company's website, as it excludes the number of customers who are statistically unlikely to return. The following data include the active subscribers reported above, who paid for the months being reported, and those customers who were inactive during the months being reported on, but are considered statistically valid customers. TOTAL CUSTOMERS Nov. 30, Oct. 31, Change Percent Dec. 31, YTD Percent 2006 2006 (1 month) Change 2005 Change Change (11 months) Terrestrial Broadcasting customers 162,731 150,390 12,341 8.2% 86,000 76,731 89.2% % Saturation 21.5% 20.6% 26.4% Pay TV customers 67,074 60,201 6,873 11.4% 17,085 49,989 292.6% % Saturation 8.9% 8.2% 5.2% Internet customers 101,726 93,322 8,404 9.0% 38,471 63,255 164.4% % Saturation 13.4% 12.8% 11.8% The Company is very pleased to announce that the number of Internet customers increased beyond 100,000 during the month of November, and that the market penetration in its rapidly expanding homes passed network continues to expand. The Company has updated the data presented in its website to ensure consistent presentation of data. It intends to continue to focus the analysis presented in its filings with the Securities and Exchange Commission on active subscribers, but believes this additional information is helpful in the analysis of its operational progress. About Moscow CableCom Moscow CableCom Corp (NASDAQ:MOCC) is the US-based parent of a Moscow, Russia-based company that provides access to pay-TV and Internet services under the brand name "AKADO." AKADO is in the process of expanding its hybrid fiber-coaxial network in Moscow to provide residential and business customers with comprehensive broadband services in digital cable TV and radio, and high- speed data transmission and Internet access. The Company has licenses to provide its services to 1.5 million homes and businesses in Moscow, through its proprietary agreements for use of the Moscow Fiber Optic Network (MFON), the largest high-speed transportation network in Moscow. For more information on Moscow CableCom Corp. and AKADO, visit: http://www.moscowcablecom.com/ and http://www.akado.ru/ Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 This press release may contain "forward-looking statements", as the phrase is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements may contain words such as "expects," "anticipates," "plans," believes," "projects" and words of similar meaning. These statements relate to our future business and financial performance, including AKADO's development, including its ability to attract new subscribers, to continue to expand its network, to achieve positive cash flow and its ability to raise funds for AKADO's development. These statements are based on management's best assessment of Moscow CableCom's and AKADO's strategic and financial position and of future market conditions and trends and involve substantial risks and uncertainties. The actual outcome may differ materially from these statements. Certain factors that could cause actual results to differ materially from those discussed in any forward-looking statements, including lack of operating history of AKADO, liquidity difficulties, developments in the marketplace for cable services in Moscow, Russia, technological changes, operating in the Russian Federation, including general economic, political, social and tax conditions and legislative and regulatory matters affecting the cable industry, and changes in generally accepted accounting principles are described in the our Annual Report on Form 10-K/A for the year ended December 31, 2005 and other public filings made by us with the Securities and Exchange Commission, which descriptions are incorporated herein by reference. There may be other risks that we have not described that may adversely affect our business and financial condition. We disclaim any obligation to update developments of these risks or to announce publicly any revision to any of the forward-looking statements contained in this release, or to make corrections to reflect future events or developments. DATASOURCE: Moscow CableCom Corp. CONTACT: Tate Fite, Chief Financial Officer of Moscow CableCom Corp, +7-495-737-5177, ; or Barbara Cano of Breakstone Group International for Moscow CableCom Corp., +1-646-452-2334, Web site: http://www.moscowcablecom.com/ http://www.akado.ru/

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