MTS and Nokia sign memorandum of understanding

Corporate IT Update, June 8, 2009

CORPORATE IT UPDATE-(C)1995-2009 M2 COMMUNICATIONS

Mobile TeleSystems OJSC (MTS) (NYSE:MBT), a mobile network operator in Russia and the CIS, and mobile communication company Nokia Inc (NYSE:NOK) have signed the memorandum of understanding on the direct delivery of Nokia devices to MTS' retail network.

Under the agreement, the first joint project of the two companies will be the priority sales launch of Nokia N97, Nokia's mobile computer, equipped with exclusive software from MTS.

In addition, the agreement signed by the companies provides for the direct supply of Nokia products to MTS' retail network, joint marketing campaigns to promote Nokia's handsets and a special training program for MTS' retail employees.

According to the company, MTS has developed a range of branded applications for Nokia N97 aimed at business users that will be distributed on a free 2GB micro-SD memory card. The sales of Nokia N97 will start on 17 June, 2009, in all MTS stores in Moscow, Russia, and in the flagship Nokia store. By the end of June 2009, the device will become available to subscribers of all mobile operators through the MTS retail network in Russia and the 30 Nokia stores in the largest Russian cities.

No financial or pricing details were disclosed.

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