Mayer, Brown, Rowe & Maw advises WaveCrest on a significant investment into the company by Sistema.

M2 Presswire, October, 2006

M2 PRESSWIRE-4 October 2006-Mayer, Brown, Rowe & Maw: Mayer, Brown, Rowe & Maw advises WaveCrest on a significant investment into the company by Sistema(C)1994-2006 M2 COMMUNICATIONS LTD RDATE:04102006 Mayer, Brown, Rowe & Maw LLP's Corporate Group, led by London Corporate partner Peter Dickinson, has advised WaveCrest Group Enterprises Limited ("WaveCrest"), the international telecommunications service provider, and its existing shareholders on the subscription by Sistema Joint Stock Financial Corporation ("Sistema") for a 66 equity interest in WaveCrest for a total cash consideration of GBP20 million.

WaveCrest is a global communications service provider offering wholesale (operator) and retail (residential) telephony services, using conventional...