print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
 
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line


Get updates



Home  Issuers' Corner  Press Releases REGISTER LOG IN

Press Releases

company search
all press releases
all Mobile TeleSystems press releases

Mobile TeleSystems

February 13, 2003

MTS introduces new tariff plans across its nationwide network in Russia

Moscow, Russian Federation - February 13, 2003 - Mobile TeleSystems OJSC ("MTS" - NYSE: MBT), the largest mobile cellular operator in Russia, today launches a new set of tariff plans. The new tariffs are designed to target different groups of subscribers and will be introduced across the MTS network during February 2003.

The new tariff plans consist of three groups: "MTS. Optima", "MTS. Business" and "MTS. VIP" and a group of tariffs for corporate clients. Each tariff plan targets a specific segment of the market based on usage, time and expenses on mobile communications.

The first tariff group, to be introduced tomorrow, is the "MTS. VIP" which is aimed to specifically target heavy users who spend over $100 per month on mobile communications. Within this group MTS will introduce three tariffs:

  • VIP 1000 that provides 1000 minutes of local calls for $100 per month (all prices are exclusive of VAT and sales tax) and $0.17 per minute for calls exceeding the monthly limit;
  • VIP 1600 that provides 1600 minutes of local calls for $150 per month and $0.15 per minute for calls exceeding that limit;
  • VIP Exclusive that provides unlimited local usage for $249 per month.

    On February 19, 2003, MTS will launch the "MTS. Business" tariff group aimed at targeting business subscribers who actively use mobile communications for both private and business purposes. The "MTS. Business" tariffs will feature discounts on long- distance calls and a wide range of value added services incorporated into tariff packages.

    The "MTS. Optima" will be introduced by MTS on February 24, 2003. This tariff group targets mass-market subscribers who spend less than $40 per month on mobile communications and will feature substantial discounts for calls made in the evening and on weekends.

    For more detailed information on the Company's tariffs please see the corporate web site at www.mts.ru or its English version at www.mtsgsm.com.

    ***
    Mobile TeleSystems OJSC (or "MTS") - is Russia's largest cellular operator serving over seven million subscribers. MTS together with its subsidiaries is licensed to provide GSM 900/1800 services in 56 regions of Russia with a total population of 103.1 million or 72% of the nation's population. Today, MTS' network operates in 47 regions of Central (including Moscow and Moscow region), Northwestern (including St Petersburg and Leningrad region), Southern, Volga, Urals, Siberia and Far-Eastern federal districts. MTS operates a joint venture in the Republic of Belarus, which has a total population of ten million. Since June 2000, MTS' shares have been listed on the New York Stock Exchange with the ticker symbol MBT. Additional information about MTS can be found on MTS' website at 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" 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, volatility of stock price, financial risk management, and future growth subject to risks.

    ***
    For further enquiries contact:

    Mobile TeleSystems, Moscow
    Investor Relations
    Andrey Braginski
    tel: +7095 911 6553
    e-mail: ir@mts.ru

    Public Relations
    Kirill Maslentsin
    tel.: +7095 737 4530
    e-mail: mkk@mts.ru

    Press Secretary
    Eva Prokofieva
    tel.: +7095 737 4530
    e-mail: eva@mts.ru


    Gavin Anderson & Company, London
    Halldor Larusson / Yolande Stratford
    tel: +44 (0) 20 7554 1400

  • Search by industry

    Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

    Search by alpha index

    A B C D F G I K L M N O P R S T U V W X Z


    Site Map
    © RUSTOCKS.com
    Privacy Statement | Disclaimer