AS EESTI TELEKOM

ANNOUNCEMENT

23.11.1999

 

TARIFF RE-BALANCING SCHEME HANDED TO THE GOVERNMENT

 

Resulting from the Concession Agreement and in accordance with the 

re-balancing scheme presented in a process of  IPO of the shares of 

Estonian Telecom, Estonian Telephone Company Ltd today handed the 

fixed call tariffs re-balancing scheme to the Government of 

Estonia.

 

Following the principles of a draft of Telecommunications Law which 

is in accordance with the EU directives, and also following the 

Estonian Competition Law, Estonian Telephone Company intends to 

reduce tariffs of international and national long distance calls 

and subscription and monthly fees for business clients, 

simultaneously lifting monthly fees for private individuals and 

local call minute tariffs during the year 2000. Proposals presented 

to the Government correspond to the re-balancing scheme presented 

in the process of IPO, which foresaw introduction of cost-based 

tariffs.

 

Concrete structure of tariffs is a subject for discussions with the 

Ministry of Transport and Communications. In accordance with good 

business practices and confidentiality requirement established in 

article 6.2. of the Concession Agreement, Estonian Telecom doesn't 

reveal tariff-proposals of Estonian Telephone Company.

 

 

Raul Kalev

PR-manager

Estonian Telecom Ltd

Phone: +372 6460 220

E-mail: raul.kalev@telekom.ee