WITH AMD 25 MILLION ASSISTANCE FROM VIVACELL, 3 NEW RECREATION GROUNDS HAVE BEEN OPENED IN THE CITY OF CHARENTSAVAN

arminfo
2008-08-02 12:09:00

ArmInfo. VivaCell, a subsidiary of Mobile TeleSystems OJSC (NYSE:
MBT), announces that today, with AMD 25 million assistance from
VivaCell, 3 new recreation grounds have been opened in the city
of Charentsavan. VivaCell allocated the funds based on its goal to
promote active sport among children and make it a permanent part of
their lifestyle, VivaCell reports.

In line with its Corporate Social Responsibility policy, Armenia's
leading mobile operator VivaCell makes social contributions in the
spheres, which, in the long run, will have positive impact on the
quality of life of people by reducing health-related risks. One of
such spheres is the promotion of healthy lifestyles and creation of
respective conditions. The construction works were realized through
co-financing agreement between VivaCell and the Municipality of
Charentsavan, having contributed AMD 25 and 12 million respectively
for the construction of recreation grounds in 3 different districts of
the city. As early as this spring VivaCell General Manager expressed
his willingness to include Charentsavan in the list of VivaCell CSR
activities in 2008. After a time, the Mayor of Charentsavan Hakob
Shahgaldyan initiated a series of community discussions to identify
the sphere where the funds provided by VivaCell would be spent. As a
result, it was decided to direct the financial assistance of VivaCell
toward building recreation grounds in 3 districts of the city with
the goal to promote sport and at the same time to create a place
for recreation for teenagers. As of July 25, the construction works
were over.

The ceremony of opening the recreation grounds was attended by
VivaCell General Manager Ralph Yirikian. Congratulating the residents
of Charentzavan, VivaCell General Manager Ralph Yirikian said:
"On behalf of the whole company I would like to congratulate the
residents of Charentsavan, and in particular, its young people, with
the construction of these nice recreation grounds. I hope that young
people will devote a significant portion of their time doing sport
exercises, will learn and engage in new and interesting sports, to
become physically fit and keep away from unhealthy practices. VivaCell
will keep on supporting the Armenian youth in the future as well".