TNW Teleset Net

RNS Number:0920P
Teleset Networks PLC
08 January 2007



Press Announcement


FOR IMMEDIATE RELEASE                                           8 January 2007



                     Teleset Networks - 2006 trading update



Teleset Networks ("Teleset" or "the Company"), a leading alternative fixed-line
telecom network operator in Kazan, Republic of Tatarstan, Russia, announces that
it expects profit for the year ended 31 December 2006 to be above market
expectations. The Company expects to make a full results announcement for the
year in April 2007.



The Company has continued to grow strongly throughout 2006. The main driver of
growth is the expansion in xDSL traffic from the growing adoption of broadband
services by existing customers and new customers. The broadband services offered
by the Company have attracted new subscribers from both residential and business
customers.  The growing adoption of broadband serves to underline the
development of the telecoms market in Kazan and the Company is well positioned
to service this increasingly sophisticated market through its existing digital
network infrastructure.



Teleset has benefited from the acquisition of fixed line telecom operator TNPKO,
the acquisition announced on 13 November 2006. The integration of the operations
of TNPKO into Teleset is progressing well and it is anticipated that the
expected economies of scale and synergies from the acquisition will materialise
during the second half of 2007.



END



CONTACTS


Teleset Networks PCL                                            +357 22 450 790
Yiannis Demetriou

Corporate Synergy Plc - Nominated Adviser                  +44 (0) 20 7448 4400
Brian Stockbridge/Jonathan Evans

Metropol (UK) Limited - Broker                             +44 (0) 20 7439 6880
Alexander Selegenev

Bankside Consultants - Financial PR                        +44 (0) 20 7367 8888
Simon Bloomfield/Samantha Kinghorn           


                This information is provided by RNS
            The company news service from the London Stock Exchange
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