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Mobile TeleSystems

December 15, 2000

A failure in the software on the trial GPRS network

Moscow, Russian Federation — December 15th, 2000 — In the process of field trials of the GPRS network a new version of software was installed on MTS’s controllers that operate base stations in the central and south-western districts of Moscow.

On December 15th, 2000 at 16:25 Moscow time there occurred a failure in the software on the controllers within the GPRS field trial area. As a result some of MTS subscribers located at the time in those areas had limited network access.

The rest areas of the network, where the GPRS software had not been installed, were functioning as usual.

At the moment additional measures are being taken to stabilize the work of the system.

The Company is expressing its deepest apologizes to the subscribers for the inconvenience caused.

For further information contact:

MTS
Press Secretary
Eva Prokofyeva
tel: +7 (095) 104-49-38
e-mail: eva@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 statement 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, specifically, the Company’s most recent Form F-1. 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, 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 34 regions of the Russian Federation, covering 45% of the country’s population. It has commenced operations in 21 regions covering more than 41 million people. Information about MTS’s activities and services can be found on our website at www.mtsgsm.com

 

 

 

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