Mediamax, Armenia
March 27 2007

Russian mobile operator MTS interested in purchasing assets in
Armenia, but does not have `acceptable proposals’

Yerevan, March 27 /Mediamax/. The Russian mobile operator MTS is
interested in purchasing assets in Armenia, but does not have
`acceptable proposals’ at present.

Mediamax reports that the Spokeswoman of MTS Irina Osadchaya said
this, commenting on the media publications, according to which the
Russian Company holds talks on purchasing the Armenian mobile
operator `VivaCell’.

`MTS is interested in purchasing assets in all the CIS states,
including Armenia, however at present it does not have acceptable
proposals on purchasing mobile operators in Armenia, satisfying the
criteria of strategy in the sphere of mergers and takeovers’, Irina
Osadchaya stated in an interview to Mediamax.