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1. RUSSIAN TELECOMS TRENDS & COMPETITIVE DYNAMICS
3. DRIVERS SHAPING THE TELECOMS INDUSTRY Strictly confidential
4. VALUATIONS (EV/LTM EBITDA)EMERGING PLAYERS STILL COMMAND ROBUST PREMIA
5. EMERGING TELCOS SHAPE M&A ACTIVITY
9. CSEE TELECOMSRECENT AND UPCOMING M&A TRANSACTIONS Strictly confidential
11. RUSSIAN TELECOMSGLOBAL FOOTPRINT OF RUSSIAN OPERATORS
13. RUSSIAN TELECOMSTHE YEAR IN BRIEF
14. RUSSIAN TELECOMSCOMPETITIVE DYNAMICS
15. RUSSIAN TELECOMSBROADBAND AS CATALYST
17. RUSSIAN TELECOMSRUSSIAN PLAYERS FULLY EMBRACE CONVERGENCE STRATEGIES
19. CONCLUSIONS