Eesti Telekom                 NEWS RELEASE                      04/17/2002



ETC SUBMITTED BANKRUPTCY WARNING



AS  Eesti  Telefon,  a fully owned subsidiary  of  AS  Eesti

Telekom,  gave  a bankruptcy warning against  AS  Uninet,  a

telecommunications  company, due  to  a  debt  amounting  to

approximately  1.7  million Estonian kroons  (about  109,000

euros).

     

The debt of AS Uninet to AS Eesti Telefon has arisen due to

Uninet’s unwillingness to pay for the interconnection

service since April 2001.



Today,  on  17 April, AS Eesti Telefon received an unfounded

bankruptcy  warning from AS Uninet amounting  to  234,395.33

kroons (over 15,000 euros).



AS  Uninet  claims payment from Eesti Telefon for the  calls

made  to  the  service  number 1184 in the  Uninet  network.

According to Eesti Telefon there is no agreement with Uninet

concerning  the short number 1184 services.  On  5  December

2001, Uninet filed a complaint against Eesti Telefon to  the

Communications Board concerning the special tariff claim for

number  1184,  but  the Communications Board  dismissed  the

complaint. Thus, Eesti Telefon considers Uninet's debt claim

and the bankruptcy  warning as absolutely unfounded.





Hille Võrk

Financial Manager

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