OREANDA-NEWS. September 3, 2010. Mobile TeleSystems OJSC (“MTS” – NYSE: MBT), the leading telecommunications provider in Russia and the CIS, announces that it has acquired a 95% stake in Metro-Telecom CJSC (Metro-Telecom) from Invest-Svyaz CJSC, a wholly owned subsidiary of Sistema, the largest diversified public financial corporation in Russia and the CIS and majority owner of MTS.

MTS acquired the 95% stake in Metro-Telecom for RUB 339.35 million (or USD 11.01 million1). The company has an optical fiber network in the Moscow Metro. The acquisition supports MTS’ 3i Strategy and will further strengthen the Company’s position in the Moscow market.