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Louise Eckersley
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FFW advises Consolidated Communications Corporation plc on placing and admission to AIM

03 October 2005

Field Fisher Waterhouse (FFW) acted for OFEX traded Consolidated Communications Corporation plc ("3c") on its £1.45 million placing and admission to trading on AIM with a market capitalisation of £6.4 million.

3c is a telecoms, data and internet service provider for national and international corporate clients in Russia and Hungary.  The Group's operations are based in Moscow, St. Petersburg, Budapest, London and New York.

The net proceeds of the placing will be used to finance the launch of additional services, improve and increase sales and marketing capability and for general working capital.

The FFW team was lead by corporate finance partner Anthony Brockbank assisted by George Cotter.

Seymour Pierce Limited acted as nominated adviser and broker to the placing.

For further press information, please contact:

Ben Girdlestone, Communications Manager, on  +44 (0)20 7861 4968

Louise Eckersley, PR Executive, on +44 (0)20 7861 4120