December 20, 2014 8:14 PM ET

Diversified Telecommunication Services

Company Overview of P&N Telecom Ltd.

Company Overview

P&N Telecom Ltd. offers telecommunication services. The company was founded in 2007 and is based in St. Petersburg, Russian Federation.

Polustrovsky 32

St. Petersburg,  195197

Russia

Founded in 2007

Phone:

7 8127 03 37 73

Fax:

7 8123 35 39 77

Key Executives for P&N Telecom Ltd.

General Director
Compensation as of Fiscal Year 2014.

P&N Telecom Ltd. Key Developments

P&N Telecom Ltd. Files a Motion Contesting the Court's Ruling Obliging to Pay RUB 1.692 Billion in Debt to Sberbank

P&N Telecom Ltd.'s CEO Vladimir Pratusevich has filed a motion contesting the court's ruling obliging him to pay RUB 1.692 billion in debt to Sberbank. Pratusevich wanted the Arbitration Court of St. Petersburg and the Leningrad Region to rehear the case due to newly discovered evidences. The timeline of the hearing has yet to be finalized. In mid-October 2012, the St. Petersburg court ordered Pratusevich to repay the debt, which arose from a loan agreement signed in March 2011 after leasing company TGI-Leasing opened a RUB 1.98 billion credit line with Sberbank and PiN Telecom, and Pratusevich acted as the guarantors of the loan.

Cancellation of PiN Telecom's RUB 5.5 Billion Debt Contested

Russia's Federal Arbitration Court for the Northwest District has registered a suit by Elkhan Muradov seeking to contest the decision of a lower court to cancel a RUB 5.5 billion debt of telecommunications operator PiN Telecom. Muradov wants to revoke a ruling by the Thirteenth Arbitration Court of Appeal that has stricken the debt off the list of creditors' claims against PiN Telecom under a motion filed by the operator's major lender, state-controlled Sberbank. Muradov received the right to demand the debt on a promissory note issued to a Georgy Gaponov in December 2011. The debt was put on the list of creditors' claims last September, but late last year Sberbank asked to remove it due to newly uncovered facts.

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