Moscow CableCom Corp. Announces Subscriber Growth Numbers for March 2006

Moscow CableCom Corp. Announces Subscriber Growth Numbers for March 2006

NEW YORK, April 18 /PRNewswire-FirstCall/ -- Moscow CableCom Corp. (NASDAQ:MOCC) today announced the growth of its homes passed network and growth in the number of active subscribers for its broadband services in Moscow as of March 31, 2006:

YTD
March February Change Percent December Change Percent
31, 28, (1 month) Change 31, (3 months) Change
2006 2006 2005

Homes
passed 398,895 370,053 28,842 7.8% 325,954 72,941 22.4%

Terrestrial
Broadcasting
sub-
scribers 96,914 92,481 4,433 4.8% 85,994 10,920 12.7%

%
Saturation 24.3% 25.0% 26.4%

Pay TV
sub-
scribers 22,256 19,479 2,777 14.3% 15,618 6,638 42.5%

%
Saturation 5.6% 5.3% 4.8%

Internet
sub-
scribers 46,444 41,807 4,637 11.1% 34,600 11,844 34.2%

%
Saturation 11.6% 11.3% 10.6%

Mikhail A. Smirnov, the Company's Chief Executive Officer stated, "As a result of this growth, we expect to report that first quarter revenues from subscriber services, which excludes installation, equipment and other revenue, will total $3,781,000, which is an increase of 80.6% from the $2,093,000 of such subscriber services revenue reported for the first quarter of 2005. Revenues from our television services exceeded $1,000,000 in a quarter for the first time, and have increased by 84.4% from the prior year's first quarter levels, primarily due to a 141.5% increase in revenues from our digital television services. Revenues from our Internet access services totaled $2,778,000, which represents an increase of 79.3% from the prior year's first quarter levels. Total service revenues for the first quarter represent a quarter-over-quarter increase of 30.3% from the $2,902,000 of service revenues recorded for the fourth quarter of 2005."

"We are confident that we can continue with this growth as we expand our presence in Moscow and actively work to bring the highest quality services at competitive prices to our customers."

About Moscow CableCom

Moscow CableCom Corp (NASDAQ:MOCC) is the US-based parent of a Moscow, Russia-based company that provides access to pay-TV and Internet services under the brand name "AKADO". AKADO is in the process of expanding its hybrid fiber-coaxial network in Moscow to provide residential and business customers with comprehensive broadband services in digital cable TV and radio, and high- speed data transmission and Internet access. The Company has licenses to provide its services to 1.5 million homes and businesses in Moscow, through its proprietary agreements for use of the Moscow Fiber Optic Network (MFON), the largest high-speed transportation network in Moscow. For more information on Moscow CableCom Corp. and AKADO, visit: www.moscowcablecom.com and www.akado.com

Source: Moscow CableCom Corp.

CONTACT: Andrew M. O'Shea, Chief Financial Officer, +1-860-298-0444,
aoshea@moscowcablecom.com; Barbara Cano of Breakstone Group International,
+1-646-452-2334, bcano@breakstone-group.com

Web site: http://www.moscowcablecom.com/

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