MTS Wins Two Prestigious Global Telecoms Business Innovation Awards
MOSCOW, Russian Federation, September 17 /PRNewswire-FirstCall/ — Mobile TeleSystems OJSC (“MTS” – NYSE: MBT), the largest mobile phone operator in Russia and the CIS, announces that it has won two 2008 Global Telecoms Business Innovation Awards in “Marketing strategy and service innovation” and “International mobile service innovation” categories.
MTS received the award in the “Marketing strategy and service innovation” category for its customer-centric lifestyle segmentation that has helped the company to grow subscriber base and increase brand affinity.
MTS also received the award in the “International mobile service innovation” category for a joint project with Atos Origin for Worldline global recharge service that enables customers to recharge their balance when traveling abroad through cross-border airtime transfers.
Global Telecoms Business Innovation Awards, held in London on September 9, 2008, reward the most innovative projects and initiatives undertaken by companies in the telecommunications industry.
More information about the winning projects can be found online at http://www.mtsgsm.com/news/2008-09-17-27047/
Mobile TeleSystems OJSC (“MTS”) is the largest mobile phone operator in Russia and the CIS. Together with its subsidiaries, the Company services over 87.26 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). Additional information about MTS can be found on MTS’ website at http://www.mtsgsm.com/.
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.
For further information, please contact: Mobile TeleSystems, Moscow Investor Relations Tel: +7-495-223-2025 E-mail: ir@mts.ru
Mobile TeleSystems OJSC
CONTACT: For further information, please contact: Mobile TeleSystems,Moscow, Investor Relations, Tel: +7-495-223-2025, E-mail: ir@mts.ru