| Mobile TeleSystems OJSC (MTS) is a provider of mobile cellular communications services in Russia, Uzbekistan, Turkmenistan, Armenia and Ukraine. It had a subscriber base of 82 million (57.4 million in Russia, 20 million in Ukraine, 2.8 million in Uzbekistan, 0.4 million in Turkmenistan and 1.4 million in Armenia) at December 31, 2007. In addition to standard voice services, MTS offers its subscribers value-added services, including voice mail, short message service (SMS), general packet radio service (GPRS), and various SMS- and GPRS-based information and entertainment services (including multi-media message service (MMS). The Company also offers its subscribers the ability to roam automatically throughout Europe and in much of the rest of the world, and as of December 31, 2007, it had bilateral roaming agreements with 501 wireless operators in 201 countries. In September 2007, the Company acquired an 80% stake in International Cell Holding Ltd., a 100% indirect owner of K-Telekom. |
Michael Hecker, VP of Strategy and Corporate Development, 
