Exhibit
4.14


 


MINISTRY OF
COMMUNICATION OF UKRAINE


 


 


LICENSE


 


PERMITTING
ACTIVITIES IN THE FIELD OF COMMUNICATION

IN THE TERRITORY OF UKRAINE


 


 


Kyiv


 

















 


LICENSE


 




	
  Series VD

  	
   

  	
  No. 000613

  






 


	
  1. ISSUED:

  	
  to Ukrainian Mobile Communication,

  a Ukrainian, German, Dutch and Danish joint venture

  



 


2.
DATA ON THE LICENSE HOLDER:


	
  Postal address:

  	
  16/4 Lunacharskogo Street, Kyiv 253002

  



 


Bank
details:


	
   

  	
  Account 609040 with APPB Aval, Kyiv, bank code
  300335, identification code 14333937

  



 


Phone:                                                                             Fax:


517-4038                                                                     227-7453


 


3. PLACE
OF ACTIVITIES:                                                                Ukraine.


 


4.
TYPE OF ACTIVITIES: Construction and maintenance of mobile objects
communication networks and rendering services relating to their use.


 


5.  SPECIAL TERMS AND RULES OF ENGAGING IN THE
LICENSED ACTIVITIES:


 


5.1. This license
entitles the Licensee to develop, construct, own and operate NMT-450, Nordic
Standard, GSM-900, PSN, and DCS-1800 general use cell communication networks
and to render appropriate communication services.


5.2. The Licensee shall
be entitled to use appropriate frequency bands and other frequency bands for
the networks specified in Clause 5.1. as far as they are accessible and within
the scope of international standards during the whole period of validity of
this license.


5.3. In accordance with
international standards the Licensee may engage in all activities necessary for
the compliance with the terms of this license and select and improve the
functioning of the necessary components of the cell communication networks
including:


a) construction,
ownership and operation of transmitting, coding and speech processing
appliances, computer-based or other providing technologies within assigned
frequencies using transmitters;


b) construction,
ownership and operation of radio and cable transmitting equipment necessary for
the functioning of general use cell communication networks;


c) marketing and
rendering general use cell communication services, the sale of equipment to
clients, as well as accompanying activities based on conventional commercial
principles;


d) import, advertising,
distribution, sale, hire, installation and servicing of the cell communication
equipment.


5.4. The Licensee shall
use the equipment having an UkrSEPRO certificate of conformity issued by the
Communication Equipment Certification Agency of the State Communications
Committee of Ukraine. The use of particular communication means within the
general use communication networks shall be approved by the Administration of
Ukrainian telecommunication.


 


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5.5. The Licensee shall
comply with Decree No. 81 of the Cabinet of Ministers of Ukraine dated February
1, 1995 in accordance with the Provisions concerning its realization.


5.6. Connection to
general use communication networks of other owners shall be performed in
accordance with specifications and by virtue of appropriate contracts,
effective standards and rules applied in the communication industry.


5.7. The Licensee shall
observe the requirements of the regulatory documents and industry rules regulating
the activities covered by this license and the norms, standards and quality
levels applied in the communication industry.


5.8. Tariffs for
communication services shall be fixed and approved in accordance with the
Procedure established by the Cabinet of Ministers of Ukraine.


5.9. This license may not
be transferred to other legal entities or individuals.


5.10. The Licensor may
prolong the validity of this license for at least 10 years by negotiations with
the Licensee. The negotiations shall begin at least 12 months before the
termination of the validity of this license.


 


6. CONTROL OF THE
OBSERVANCE OF ESTABLISHED RULES WHEN ENGAGING IN THE LICENSED ACTIVITIES:


 


6.1. The observance of
special terms and rules when engaging in the activity permitted by this license
shall be controlled by the Licensor and the Licensing Chamber of Ukraine.


6.2. In case of
inspections the license holder shall submit the necessary documents concerning
its activities permitted by the license.


6.3. In case of change of
the organization-and-legal form the Licensee shall notify the Licensor thereof
within one month and provide appropriate documents.


6.4. In case of change of
the postal address and contact phone numbers the Licensee shall notify the
Licensor thereof within a seven-day period.


6.5. The relations under
this license may be terminated:


6.5.1. After the
termination of the validity period of this license.


6.5.2. By consent of the
Parties.


6.5.3. By the Licensee
unilaterally provided it notifies the Licensor thereof six months before the
termination of the activities. The Licensee shall not be entitled to
discontinue the activities provided for in the license on its own during the
license period. Should the Licensee intend to terminate the activities before
the termination of the validity period of the license it shall apply to the
Licensor giving the reason for the termination of its activities. The Licensor
shall consider the reasons and take a decision with regard to ensuring the
functioning of constructed communication networks.


6.5.4. In case of force
majeure circumstances.


6.6. Should the special
terms and rules of engaging in the activities provided for in the license be
violated or should the license be improperly complied with, the Licensor shall
suspend the validity of this license and fix time for eliminating the cause of
violations. Should the violations fail to be eliminated  within the fixed time the license may be
revoked.


 


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6.7. Should the violation
of the terms and rules of engaging in the licensed activities be repeated or
should it be gross this license may be revoked.


6.8. Any differences
between the Licensor and the Licensee shall be referred for settlement to the
Kyiv Court of Arbitration.


6.9. The special terms of
this license can be changed at any time by consent of the Licensor and the
Licensee.


6.10. The Licensee shall
provide the Licensor with reports on the licensed activities in accordance with
established procedures and within a fixed time.


 


 


	
  7. REGISTRATION NUMBER
  OF THE LICENSE:

  	
  000613

  
	
   

  	
   

  
	
  8. DATE OF ISSUE OF THE
  LICENSE:

  	
  December 3, 1997

  
	
   

  	
   

  
	
  9. VALIDITY OF THE
  LICENSE:

  	
  16 years with a right
  of prolongation.

  



 


	
  HEAD OF LICENSING
  COMMITTEE  (signature)

  	
  M.P.
  ORLENKO

  



 


SEAL


 


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