Exhibit 4.48


 


FEDERAL SUPERVISORY
SERVICE FOR MASS MEDIA, COMMUNICATION


AND PROTECTION OF
CULTURAL HERITAGE


 


LICENCE


 


No. 56112


 


Licensee’ details:


 


Mobile
TeleSystems


 


Open
Joint Stock Company


 


Legal address (place
of residence):


 


109147 Moscow,
Marksistskaya St., 4


 


Service description:


 


Mobile
Radiophone Communication Services


 


This
Licence includes licence provisions on 3 pages


 




	
  Effective
  period of Licence :

  	
  from
  April 28, 2008 to April 28, 2013

  	
   

  
	
   

  	
   

  	
   

  
	
  Date
  of beginning of services provision:

  	
  April 28,
  2008

  	
   

  
	
  (on
  or prior to)

  	
   

  	
   

  






 


Deputy
Manager,


Federal
Supervisory Service for


Mass
Media, Communication and


	
  Protection of Cultural
  Heritage

  	
  S.B. Vlasova

  



 

















 


Conditions
for Performance of Activities


Under
Licence No. 56112**


 


1.      Mobile TeleSystems OJSC (the Licensee) shall
be obliged to keep the term of this License.


 


2.      The Licensee shall be obliged to commence the
provision of services under this License on or prior to April 28, 2008.


 


3.      The Licensee shall be obliged to provide
mobile radiophone communication services (GSM 900/1800 networks) under this
License in the territory of:


 


Regions:       Belgorod, Bryansk, Vladimir, Voronezh, Ivanovo,
Kaluga, Kostroma, Kursk, Lipetsk, Nizhny Novgorod, Orel, Ryazan, Smolensk,
Tambov, Tver, Tula, Yaroslavl.


 


4.      In accordance with this Licence, the Licensee
shall be obliged to ensure that a subscriber is provided with*:


 


	
  a)

  	
  an access to the
  Licensee’s network;

  
	
  b)

  	
  connections in the
  Licensee’s mobile radiophone communication network for receiving
  (transferring) voice and non-voice information ensuring the communication
  continuity while providing services, irrespective of location of the
  subscriber, including while his/her moving;

  
	
  c)

  	
  connections with
  subscribers and (or) users of fixed public-switched telephone networks;

  
	
  d)

  	
  possibility of using GSM
  900/1800 mobile radiophone communication network while being outside the
  territory specified in the License;

  
	
  e)

  	
  an access to telematic
  communication services and data transmission services, except for data
  transmission for the purpose of voice data transfer;

  
	
  f)

  	
  an access to call centre
  system;

  
	
  g)

  	
  possibility of making free
  twenty-four-hour calls to emergency services.

  



 


1

















 


5.      The Licensee shall be obliged to provide
communication services in accordance with the Rules of Provision of
Communication Services approved by the Government of the Russian Federation.


 


6.      While provisioning communication services,
the Licensee shall be obliged to observe the Rules of Connection and
Interaction of Electrical Communication Networks, approved by the Government of
the Russian Federation, when connecting the Licensee’s mobile radiophone
communication network to the public-switched network, connecting the Licensee’s
mobile radiophone communication network to other communication networks,
accounting and transferring the traffic in the Licensee’s mobile radiophone
communication network, accounting and transferring the traffic from/to the
communication networks of other operators.


 


7.      This Licensee was issued based on results
of considering the application for renewal of Licence No. 24135 dated October 24,
2002 without tendering (auction, competition). The license requirements for the
Licensee’s discharge of obligations, undertaken by the Licensee when participating
in tenders (auction, competition) to obtain respective license, were not
established.


 


8.      The Licensee shall adhere to the
conditions, as established at the moment of allocation of frequencies and assignment
of a radio frequency or radio frequency channel, in the process of provision of
services under this License.


 


9.      The Licensee shall have available a system
to manage own communication network that should conform to the standards
applied to communication network management systems, as prescribed by the
federal executive body acting in the communication field.


 


2

















 


10.    The Licensee shall be obliged to adhere to
the requirements for networks and means of communication regarding the
performance of investigative work, as prescribed by the federal executive body
and approved by authorized state bodies which conduct operational-investigative
activities, and to take measures to prevent the disclosure of organizational or
tactical techniques of conducting of the above.


 






*                                         The provision of
services stipulated by this License can entail provisioning other services
which are technically integrated into mobile radiophone services and are aimed
at improvement of their customer value, provided no additional license is
required for this purpose.


 


**                                  This Licence was
issued as a renewal of Licence No. 24135 dated October 24, 2002.


 


Deputy
Manager,


Federal
Supervisory Service for


Mass
Media, Communication and




	
  Protection of Cultural
  Heritage

  	
   

  	
  (stamp)

  	
   

  	
  S.B. Vlasova