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. Last Updated: 07/27/2016

New Western Auditor

MOSCOW () -- Russian telecommunications giant Rostelekom has chosen Coopers & Lybrand as its auditor and will create a Western-standard consolidated financial report for 1994, according to a company statement.

Cooperation with Coopers & Lybrand is "proof of our desire to enter world markets in the future," wrote Rostelekom President Oleg Belov.

The choice of Coopers & Lybrand must still be ratified at Rostelekom's next general shareholders' meeting.