Group structure

On August 14, 2006, MTS’ Board of Directors unanimously approved the implementation of the Company’s new management structure in order to strengthen the strategic and operational functions through the creation of a simple and transparent structure. The change appropriated fiscal responsibility on the business unit level through the introduction of KPI targets required to be completed by the respective management. The structure now includes:

• Corporate Center with control over strategic and investment decisions, as well as brand development, on Group level;
• Business unit “MTS Russia” with control over operations in the ten macro-regions;
• Business unit “MTS Ukraine”;
• Business unit “Foreign subsidiaries” with oversight over MTS operations in Uzbekistan, Turkmenistan, Armenia and Belarus.