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The Moscow Arbitration Court on May 13 declared CJSC Cifrograd, owner of eponymous salons cellular network, bankrupt. This is reported on the website of the newspaper Kommersant. The Court has also opened for "Cifrograd" bankruptcy proceedings for a period of six months and appointed bankruptcy trustee Michael Vasilegu, passes the site of the newspaper Vedomosti, citing an Interfax correspondent.

The register of creditors of the company, as stated Vasilega, including the requirement of six creditors totaling 940 million rubles. Previously, the requirements for "Cifrograd", in particular, said the bank Uralsib and Promsvyazbank, as well as Nokia. The insolvency added that all employees "Cifrograd already dismissed and the property of the company were left with office equipment, the cost of which will suffice to repay the debt.

JSC Cifrograd "asked the Metropolitan Tribunal for recognition of bankruptcy in August 2009. At that time, the company's debts were estimated at 745 million rubles. Early last year, a network of shops "Cifrograd" united around 1400 retail outlets, but by the spring of which were closed about a third.

Until mid-March 2009 the owners of "Cifrograd" tried to sell the network MegaFon, but failed to agree on the terms of the transaction. After this, the largest handset manufacturers have stopped supplies to salons Cifrograd.