MTS CLOSED DOWN 7 REGIONAL BRANCHES

/PanARMENIAN.Net/
22.05.2009 13:56 GMT+04:00

/PanARMENIAN.Net/ "Mobile TeleSystems" OJSC has closed 7 regional
branches in St. Petersburg, Maritime and Krasnodar Territories,
as well as Nizhny Novgorod and Samara.

The company operates a regional-market management structure, and
branches close down in all towns where macro-regional headquarters
are based.

MTS is Russia's largest mobile operator (as of April, 2009, it had
over 97.4 million subsidiaries in Ukraine, Uzbekistan, Turkmenistan,
Armenia and Belarus).

He company's biggest shareholder is AFK system, which possesses 52.8%
of shares, with 46.7% being in free circulation. As of April 2008,
the company's pure income comprised USD 1.93 billion (US GAAP),
with proceeds making up 10,245 billion.