29.12.2008
Ruling on the Tax Review Decision for the Years 2005 and 2006Mobile TeleSystems OJSC announces that the Moscow Arbitrage Court ruled against the tax claims for the years 2005 and
2006 in the amount of RUR 0.98 billion.
The tax claims against MTS were the result of a tax inspection of the Company’s financial statements for the years
2005 and 2006 that amounted to RUR 1.13 billion (including approximately RUR 144 million in fines and penalties),
which is approx. $40 million (including approx. $5 million in fines and penalties).
24.12.2008
MTS Brand Coming to IndiaMobile TeleSystems OJSC and Shyam Telelink Limited ("Shyam Telelink"),
JSFC Sistema's telecommunications subsidiary in India,
announces the agreement to allow Shyam Telelink to use MTS brand in India.
Under the terms of the agreement,
Shyam Telelink will have the right to use the MTS brand in its marketing communications and advertising in India,
beginning February 2009.
The decision to introduce the brand to India is reflective of the brand’s success in the Company’s markets of
operation since its launch in May 2006. In April 2008,
MTS brand was recognized as one of the BRANDZ™ Top 100 Most Powerful Brands,
a ranking published by the Financial Times and Millward Brown, a leading global market research and consulting firm.
The agreement is limited to using the MTS brand in India and there are no further plans for participation in Shyam
Telelink’s operations or launching MTS products or services in India.
The terms also stipulate that MTS will act as the brand guardian to insure brand usage and marketing communications
adhere to the MTS brand guidelines.
