Head of Business Unit “MTS Russia” Aleksander Popovskiy Joins the GSMA Board

16 December 2010

Moscow, Russian Federation - Mobile TeleSystems OJSC (“MTS”; NYSE: MBT), the largest mobile phone operator in Russia and the CIS, announces that Aleksander Popovskiy, Head of Business Unit “MTS Russia”, has joined the GSMA Board, the organisation which represents the worldwide mobile industry. MTS has held a seat on the GSMA Board since 2008 and has been represented by Mr. Mikhail Shamolin, President and CEO of MTS.

In addition to Mr. Popovskiy, the GSMA's Board includes new Chairman Franco Bernabè, CEO of Telecom Italia, Deputy Chairman Jon Fredrik Baksaas, President and CEO of Telenor Group, Rob Conway, CEO of the GSMA, and representatives from América Móvil, AT&T Mobility, Axiata Group Berhad, Bharti Airtel Ltd., China Mobile, China Unicom, Deutsche Telekom, France Telecom-Orange, Hutchison Whampoa Europe, KT Corporation, NTT DOCOMO, Orascom Telecom, Qtel, SK Telecom, Smart Communications, SoftBank Mobile, Tata Teleservices Limited, Telefónica, Telekom Austria Group, Verizon, VimpelCom and Vodafone.

Commenting on his appointment Mr. Popovskiy said: “It is a great honor to join the board of this prestigious association. I look forward to working with the leading industry professionals in shaping the future of mobile communications.”

The GSMA represents the interests of the worldwide mobile communications industry. Spanning 219 countries, the GSMA unites nearly 800 of the world’s mobile operators, as well as more than 200 companies in the broader mobile ecosystem, including handset makers, software companies, equipment providers, Internet companies, and media and entertainment organisations. The GSMA is focused on innovating, incubating and creating new opportunities for its membership, all with the end goal of driving the growth of the mobile communications industry

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For further information, please contact:

Joshua B. Tulgan
Director, Investor Relations
Acting Director, Corporate Finance

Department of Investor Relations
Mobile TeleSystems OJSC
Tel: +7 495 223 2025
E-mail: ir@mts.ru

Learn more about MTS. Visit the official blog of the Investor Relations Department at www.mtsgsm.com/blog/


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Mobile TeleSystems OJSC ("MTS") is the leading telecommunications group in Russia, Eastern Europe and Central Asia, offering mobile and fixed voice, broadband, pay TV as well as content and entertainment services in one of the world's fastest growing regions. Including its subsidiaries, the Group services over 105.0 million mobile subscribers in Russia, Ukraine, Uzbekistan, Turkmenistan, Armenia and Belarus, a region that boasts a total population of more than 230 million. Since June 2000, MTS' Level 3 ADRs have been listed on the New York Stock Exchange (ticker symbol MBT). Additional information about the MTS Group can be found at www.mtsgsm.com.

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Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of MTS, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify forward looking statements by terms such as “expect,” “believe,” “anticipate,” “estimate,” “intend,” “will,” “could,” “may” or “might,” and the negative of such terms or other similar expressions. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. We do not undertake or intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. We refer you to the documents MTS files from time to time with the U.S. Securities and Exchange Commission, specifically the Company’s most recent Form 20-F. These documents contain and identify important factors, including those contained in the section captioned “Risk Factors” that could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, the severity and duration of current economic and financial conditions, including volatility in interest and exchange rates, commodity and equity prices and the value of financial assets; the impact of Russian, U.S. and other foreign government programs to restore liquidity and stimulate national and global economies, our ability to maintain our current credit rating and the impact on our funding costs and competitive position if we do not do so, strategic actions, including acquisitions and dispositions and our success in integrating acquired businesses, including Comstar-UTS, potential fluctuations in quarterly results, our competitive environment, dependence on new service development and tariff structures, rapid technological and market change, acquisition strategy, risks associated with telecommunications infrastructure, governmental regulation of the telecommunications industries and other risks associated with operating in Russia and the CIS, volatility of stock price, financial risk management and future growth subject to risks.

Contact investor relations:

+ 7 495 223 20 25 ir@mts.ru

MTS Investor Relations
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