**Exhibit4.37**

TürkmenistanyňAragatnaşyk Ministrligi

**LICENSE#164**

The Ministry ofCommunication of TurkmenistanAccording to the Law of Turkmenistan“About Communication”Permits activity in the field of communication to the

**“BarashCommunication Tehnologies, Inc” USA****“Barash Communication Tehnologies, Inc” throughbranchin Turkmenistan**

*Legal branch address:*Ashgabat,the Hero of TurkmenistanA.Niyazova str., 104

Kind of activity: **“Rendering of cellular and paging services”**

The conditions ofrealization of the present kind of activitywhich is an integral part of the present license are given in theAppendix

 
| Period of validity of  license             |   | from 01st of Baydak-month (February) 2005          |
|--------------------------------------------|--------|----------------------------------------------------|
|                                       |   | till 01st of Baydak-month (February) 2006          |
|                                       |   |                                               |
| Starting period the rendering of services: |   | not later on 01st of Baydak -month (February) 2005 |
|                                       |   |                                               |
| Day of entry:                              |   | 31st of Turkmenbashy-month (January) 2005          |

 
| **Minister of Communication** | ** ** | ** **            |
|-------------------------------|------------|-----------------------|
| **of  Turkmenistan**          | ** ** | **R.A.Hodjakurbanov** |

 

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*Appendixto theLicense # 164*

**MINISTRYOF COMMUNICATIONOF TURKMENISTAN**

**Theconditions of realization the activity inaccordance with the license #164**

1.                  Licenseeis obliged:

1.1.         Tooperate by rendering of cellular and paging services appropriate on quality tothe existing legislation in Turkmenistan and normative acts accepted by theMinistry of Communication of Turkmenistan, to the requirements of internationalstandard, and also contract terms.

1.2.         Toobserve during use of radio facilities the Radio Regulations of theInternational Telecommunication Union and Law of Turkmenistan “Aboutcommunication” and law “About radio -frequency spectrum”.

1.3.         Tostop rendering of services, which constitute a menace to safety of the state orcontravene its laws, break the public peace.

1.4.         Togive the statistical reporting on communication to the Ministry ofCommunication of Turkmenistan in accordance with the established by “Turkmenmillihasabat”the National institute of state statistics and forecasting of Turkmenistan bythe order.

1.5.         Tocarry out the activity in accordance with the existing legislation ofTurkmenistan and normative acts accepted by the Ministry of Communication ofTurkmenistan.

1.6.         Toobserve the legislations of Turkmenistan, ecological, sanitary-and-epidemiological,hygienic, fire-prevention norms and regulations, regulation “About licensingactivity in the field of communication“.

2.                  Licenseegives to the Ministry of Communication of Turkmenistan the information on anapplicable fare for rendering services by licensee and also informs in case oftheir

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changes within two weeks.

3.                  Allquestions of interaction with public networks are adjusted by the separatecontracts concluded with the local telecommunication enterprises.

4.                  Thesplicing networks of the licensee with a public networks is authorized only inthe presence of the certificate of conformance for a splicing the equipmentwith a public network confirmed by Ministry of Communication of Turkmenistan,on basis of specifications which are given out by the local telecommunicationenterprises, or in some cases, by Ministry of Communication of Turkmenistan.

5.                  Licenseecarries out a creation of communication networks under the projects,coordinated with the Ministry of Communication of Turkmenistan and provides itsoperation in accordance with the rules and other normative acts of theMinistry of Communication of Turkmenistan.

6.                  Theowners in accordance with established procedure in the Slate Inspection forSupervision of the Radio Frequency Spectrum Use at the Ministry ofCommunication of Turkmenistan should arrange all radio facilities of thelicensee.

7.                  Therendering of communication services with use of radio-electronic means issupposed only after the sanction of an Interdepartmental commission onradiofrequencies at the Cabinet Council of Turkmenistan for use of workingfrequencies.

8.                  Licenseegives the information on a technical condition and conditions rendering ofcommunication services on demand of the Ministry of Communication.

9.                  Licenseeshould not interfere to Ministry of Communication to inspect licensee’sactivity on conformity of the carried out activity, and also checkingengineering data of communications network and, if necessary is obliged toprovide access to its measuring equipment.

10.            Thelicense cannot be transferred to other person.

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11.            Incase of transformation of the legal person having the license, changes of itsname or its location, legal person or its assignee are obliged in a week termto hand an application in order to make alterations in the license with theappendix of the voucher.

12.            TheMinistry of Communication reserves the right to itself to make changes andaddition to “The conditions of realization the activity” of the present licensein connection with change of the existing legislation of Turkmenistan.

13.            Thelicensed territory is Turkmenistan: Ashgabat and all velayats (regions).

 
| Minister of Communication |   |   |   |               |
|---------------------------|--------|--------|--------|--------------------|
| of Turkmenistan           |   |   |   | R.A. Hodjakurbanov |

 

 

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