MTS and Samsung signed an agreement on the joint development of Mobile phones
Moscow, March 26, 2012 - OJSC Mobile TeleSystems (NYSE: MBT), the leading telecommunications operator in Russia and CIS countries, and Samsung Electronics announce the signing of an agreement on joint development of retail projects, equipment sales and operator services. Under the agreement the company until the end of 2012 it is planned to open new monobrand shops Samsung in Russian cities, to organize special departments Samsung format "shop in shop" and the promo area in two thousand MTS salons throughout Russia. The company also intend to offer users a combined carrier and windorski solutions - plan to sell the phones and Samsung smartphones with SIM cards MTS, laptops with 3G modems and tablets with WiFi-routers operator; in monobrand stores Samsung will be sold only MTS services. "Joint action of Russia's largest networks of retail and one of the world's leading manufacturers of customer equipment will significantly enhance the position of Samsung in the MTS retail, and will also allow us to offer customers and visitors salons MTS unique conditions on the acquisition of modern gadgets and customer service. In addition to the empowerment of customer service, we look forward to strengthening the positive dynamics of growth of MTS by attracting high-quality subscribers and active consumption of communication services using the data-generating devices", - said General Director of MTS retail network Andrey Klenin. "Enhanced cooperation with the retailer MTS provides free accessibility of the devices the company several thousand stores across Russia. This project was a first for Samsung in the retail market of cellular operators. The company has great expectations from this project and appreciates the prospects for the development of retail showrooms from the point of view of direct access devices for consumers and opportunities to get acquainted with interesting user models from a wide range of mobile devices Samsung," said Director of mobile business at Samsung Electronics Russia Alexey Dorofeev. On cooperation of MTS retail network and Samsung MTS retail is the largest camera retailer in Russia. The number of MTS salons (including franchisee partners, operating under the brand MTS) at the beginning of 2012 amounted to approximately 4150. In 2011, the share of Samsung devices in the total sales volume of MTS retail network has increased in the segment of "phones" more than 4%, in the segment of "smartphones" - 17%, in the segment of "tablets" 14%, "laptops" by 18%. Samsung is the leading manufacturer of mobile phones and smartphones on the Russian and world markets. The company offers customers a broad selection of devices on the popular mobile platforms: Android, bada and Windows Phone. In the salons of MTS Retail network with a wide range of Samsung products: GSM phones, smartphones, laptops, tablets and other gadgets, which include range of smartphones Samsung GALAXY and Samsung Wave and Samsung GALAXY Tab. OJSC "Mobile TeleSystems" (MTS) is the leading telecommunications operator in Russia and CIS countries. Together with its subsidiaries, the company serves more than 100 million subscribers. The population of all regions of Russia, as well as Armenia, Belarus, Ukraine, Uzbekistan, where MTS and its subsidiaries are licensed to provide services in the GSM standard, is more than 230 million people. Since June 2000, MTS has been listed on the new York stock exchange under the Ticker symbol MBT. In 2011, the MTS brand for the fourth year in a row, recognized as the most expensive Russian brand of one hundred leading brands in the BRANDZ ranking?, published by the Financial Times and the international research Agency Millward Brown. Samsung Electronics Co., Ltd. is a global leader in semiconductor, telecommunication, and digital convergence, the sales volume in 2011 amounted to 143,1 billion. USA. The state Samsung Electronics - 222 000 205 offices in 71 countries around the world. The company consists of two separate structures, coordinating the activities of nine independent business units: Digital Media & Communications includes a Visual Display, Mobile Communications, Telecommunication Systems, Digital Appliances, IT Solutions and Digital Imaging; and Device Solutions consists of units of Memory, System LSI and LCD. Samsung Electronics, a recognized leader in the industry on a range of economic, environmental and social criteria, in 2011 was named the most sustainable company in the field of technology in the annual review of the Dow Jones sustainability index Sustainability Index. In 2011, the company received five awards product of the year" (for the GALAXY S smartphone, tablet computer GALAXY Tab, 3D Blu-Ray player BD-D7500; NF310 netbook and digital camera SH100). Samsung Electronics was named "Manufacturer of the year" by the organizers of the exhibition Mobile World Congress 2012, where the flagship smartphone Samsung GALAXY S II became the winner in nomination "the Best smartphone of the year". For the first 10 months of sales of the Samsung GALAXY S II has been sold worldwide in more than 20 million units.For more information, please visit www.samsung.com * * * Certain statements in this press release may contain projections or forecasts in respect to forthcoming events or the future financial performance of the Company in accordance with the provisions of the Legislative act U.S. securities from 1995. Such statements may contain the words "expect", "estimate", "intend", "will", "could" or other similar expressions. We would like to caution you that these statements are only predictions and that actual events or results may differ materially. We assume no obligation and do not intend to update these statements to conform them to actual results. We refer You to documents that the company submits to the Commission the U.S. securities and exchange Commission, including form 20-F. These documents contain and identify important factors, including those described in "risk Factors" in our form 20-F. These factors may cause the actual results to differ from projects and projections. They include: the severity and duration of the current state of the economy, including high volatility in interest rates and foreign exchange rates, commodity prices and equity and the value of the financial assets, the impact of government programs in Russia, USA and other countries to restore liquidity and stimulate national and global economies, our ability to maintain current credit ratings and the impact on funding costs and competitive position, in the case of reducing such strategic activities, including acquisition and disposal, and successful integration of acquired businesses, including the company "Comstar - UTS", possible changes on quarterly results competitive conditions, the dependence on the development of new services and tariff structures, rapid technological change processes and market position, strategy; risks associated with telecommunications infrastructure, governmental regulation of the telecommunications industry and other risks associated with operating in Russia and CIS countries, fluctuations in share price; the risk associated with financial management, as well as the emergence of other risk factors..