The companies’ group revenue structure has suffered changes: the smart capacity services block that has used to be the locomotive of the Gars Telecom development for the last four years (telecom-services outsourcing, telecom-consulting, communications audition, and the integration projects as well) has given the place to the revenues from data transmission services, internet access, and the fixed telephony as well. That did not prevent for the second year save the status of the number one on the telecom-outsourcing market.

Gars Telecom as the Company that works only with the corporate clients, in the autumn of 2008 year, found itself in a state of “zero point” and had firsthand knowledge the business activity decreasing. For the last three months of the year the traffic stream reduction achieved 30%. Gars Telecom in the recent economical situation lost 6,8-7,1% of the total revenues.

At the same time during the 2008 Gars Telecom got an opportunity to reserve for the several years ahead. As by the 1H of 2008 year results the Company bank of projects surpassed 2’500’000 squire meters of the commercial real estate and the same is in the development process. Despite the dramatically decreasing dynamics of the development projects running in Moscow and Saint-Petersburg, only 453’000 squire meters with Gars Telecom participation delayed or frozen for the undetermined period.

The “new times” run the new growth drivers which for the further two years will have been saving the Gars Telecom development dynamics. First of all, macroeconomic situation made unprofitable the business of the small telecom-operators that used to “freeload” in the segment of the low prices and the services that did not fit the level of the building.

Secondly, the majority of the middle and large companies used to be the clients of one or another operator, othervice today we observe that thinking about the costs reducing the same companies are ready to change the current telecom-operator. It means that the professional and aggressive operators have got a chance. Gars Telecom as well.