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CEO of MTS Joins the Board of the GSM Association
9 April 2008
Moscow, Russian Federation – Mobile TeleSystems OJSC (“MTS” – NYSE: MBT), the largest mobile phone operator in Russia and the CIS, announces that its CEO Leonid Melamed joins the Board of the GSM Association (GSMA), the global trade association for the mobile industry. GSMA's board members include 25 operator representatives, the Chair of the Executive Management Committee - the body that manages the Association's ongoing activities in the area of products and services - and the GSMA CEO Rob Conway. Board members include executives of such leading global operators as China Mobile, AT&T, Orange, Telefonica O2 Europe, T-Mobile, Vodafone, and Telenor Mobile.
“We are glad to welcome Mr. Melamed as the new GSMA Board member. This stands as a recognition of MTS’ success in the Russian and CIS markets, and the acknowledgement of the personal role of MTS’ CEO in the financial and operational achievements of the company,“ noted GSMA CEO Rob Conway.
“It is a great honor for me to represent our company, our customers and our markets within such a highly regarded forum. Serving in this capacity brings benefits to our organization, which will gain from closer interaction with the world's leading operators, and our customers, who ultimately will benefit from cutting-edge products and services,” said Mr. Leonid Melamed, President and CEO of MTS.
Mr. Melamed continued: “I am confident that the involvement of MTS, as the region's largest operator, will raise the profile of our markets in the eyes of leading technology and telecommunications stakeholders.”
The GSM Association (GSMA) is the global trade association representing more than 700 GSM mobile phone operators across 218 countries and territories of the world. The Association's members serve more than 2.5 billion customers - 85% of the world's mobile phone users.
For further information, please contact:
Mobile TeleSystems, Moscow
Investor Relations
tel: +7 495 223 2025
e-mail: ir@mts.ru
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Mobile TeleSystems OJSC (“MTS”) is the largest mobile phone operator in Russia and the CIS. Together with its subsidiaries, the Company services over 83.88 million subscribers. The regions of Russia, as well as Armenia, Belarus, Turkmenistan, Ukraine, and Uzbekistan, in which MTS and its associates and subsidiaries are licensed to provide GSM services, have 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).
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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 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, 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, risks associated with operating in Russia and the CIS, volatility of stock price, financial risk management and future growth subject to risks.
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