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Mobile TeleSystems

November 29, 2010

Fitch affirms MTS credit rating and assigns positive outlook

Moscow, Russian Federation – Mobile TeleSystems OJSC (“MTS” – NYSE: MBT), the leading telecommunications provider in Russia and the CIS, announces that Fitch Ratings has affirmed the Company’s existing bond ratings at BB+ level and revised the credit outlook from Stable to Positive.

Please refer to www.fitchratings.com for additional information.

 

 

 

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