Vivacell-MTS and Armenian Universities Sign Memorandum

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18:12 07/08/2009

VivaCell-MTS, a subsidiary of Mobile TeleSystems OJSC (`MTS’ – NYSE:
MBT), announces that today at the Company’s Headquarters a Memorandum
of Understanding was signed between the Company, represented by its
General Manager Ralph Yirikian and six universities of Armenia,
represented by their respective Presidents, Company’s press service
reports. Those high educational institutions are the Information
Technologies Center of Gyumri, Armenian State Linguistic University
after V. Bryusov, Yerevan State University of Economics, State
University of Gavar, State University of Goris and Cavendish

The major directions of mutual cooperation outlined in the Memorandum,
are the following: organization of master’s thesis internship for
graduate students in VivaCell-MTS, organization of specialty lectures
for students delivered by the respective specialists of the Company
acting as course instructors, implementation of joint scientific
research, master’s thesis research and curriculum development projects
jointly with the faculty, involvement of the Company’s specialists as
Master’s thesis supervisors and mentors. In their turn, according to
the Memorandum, the universities provide VivaCell-MTS with their
high-performing students according to the quota and the list of
specialties submitted by the Company. The lucky students will have an
opportunity to get specialty internship in specific areas such as
commercial law, finance and accounting, marketing and sales,
information technologies, customer service, etc.

Back in May-July of this year, when hosted as a guest-speaker by some
of Armenia’s universities, VivaCell-MTS General Manager Ralph Yirikian
had a series of meetings with the students, graduates and the faculty
in the regions of Armenia and Yerevan, to share with them on the
Company’s successful strategy of business development, technical
development of network, marketing strategy and Corporate
Responsibility agenda. Excited after their meeting with Ralph Yirikian
and first-hand information about VivaCell-MTS’ achievements and its
operational systems, and enthusiastic about opportunity for their
students to start professional experience in VivaCell-MTS, the
educational institutions came up with the initiative to organize
professional internship of their students in the Company, in the
framework of their career-planning effort.

Signing was followed by a short press conference. `Going beyond the
world of theory books – this is what we want to give the young people
of Armenia. We want our young compatriots to be ready when confronted
with real-world challenge on their career path. On the other hand, in
the long-term, our cooperation with high educational institutions will
help them develop their professors’ and instructors’ skills and
knowledge and develop curricula embedded in and connected to the
realities of professional practice’.