Moscow, Russian Federation, — 28 February 2002, — The Board of Directors of OJSC Mobile TeleSystems (MTS) has appointed Mikhail Susov to the position of First Vice President of MTS.
This is the first time that the position of First Vice President has been introduced at MTS. Mikhail Susov will be responsible for commercial operations of the company in the Moscow market and in the regions. He will supervise business development, marketing, customer service and sales. The position of First Vice President will become effective as of today. Commenting on the new appointment MTS President Mikhail Smirnov said: “The introduction of the post of First Vice-President responsible for commercial operations reflects managements aims at strengthening MTS’s commitment to the area of customer relations.” “We are witnessing the beginning of a new phase in the development of the cellular market in Russia. Technology and price wars are ending, and they are being replaced by brand competition. Key factors of success in the future will be customer relations and a well-designed system of customer support”, — Mikhail Susov stated. Mikhail Susov has extensive experience in the telecommunications sector. He is a graduate of Moscow Communications Institute (qualified in radio communications, radio broadcasting and television). In 1992, Mikhail founded a group of companies specializing in design and construction of communications networks. Having been appointed in 1996 General Director of CJSC “Personal Communications” Mr. Susov headed the CDMA project in Russia. In December 2001 he was appointed as General Director of “Comstar”. In 2001 Mr. Susov was awarded Kommersant Publishing House Prize as the most prospective top manager in telecommunications. Mikhail Susov is 34 years old. He is married, has four children — three sons and a daughter. His hobby is “nature and everything with nature” — tourism, fishing and hunting.
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For further information contact:
MTS Public Relations Expert
Kirill Lubnin
tel: +7095 737 4530
e-mail: lkm@mts.ru |
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. 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 conform them to actual results. We refer you to the documents MTS files from time to time with the U.S. Securities and Exchange Commission, including our most recent Form 20-F. These documents contain and identify important factors, including those contained in the section captioned “Risk Factors” in our Form 20-F, 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, volatility of stock price, financial risk management, and future growth subject to risks.
Mobile TeleSystems OJSC (NYSE: MBT) is Russia’s leading GSM 900/1800 mobile cellular operator. MTS has GSM 900/1800 licenses to provide mobile cellular telephony services in 46 regions of the Russian Federation, covering 86 million people or 56% of the country’s population. MTS network has operations in 29 regions, which cover more than 63,2 million people or 43,2% of the population of the Russian Federation.
Additional information about MTS can be found on MTS’s website at https://www.mtsgsm.com. |
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