OREANDA-NEWS. Mobile TeleSystems OJSC (“MTS” – NYSE: MBT), the largest mobile phone operator in Russia and the CIS, announces the decisions made at the company’s extraordinary general meeting of shareholders (EGM) on October 30, 2006.

The shareholders’ meeting adopted, among others, the following resolutions: Approval of the revised version of the Company’s Charter; Approval of the Statute on the Executive Board; Reorganization and approval of a merger of ReCom and Telesot-Alania into MTS; Approval of supplements and amendments to be entered into the Statute on the Board of Directors (BoD); Approval of supplements and amendments to be entered into the Statute on  the President; Approval of the revised Statute on General Shareholder Meetings of Shareholders.