**Exhibit 4.32**

** **

**Ministry of Communications andInformatization**

**of the Russian Federation**

 

**LICENSE**

 

A 030161 No. **30259**

 

In accordance with the currentlaws of the Russian Federation

 

**Mobile TeleSystems**

**Open Joint Stock Company**

 

Legal address:

 

109147, Moscow, Marksistskaya St., 4

 

Is granted the permit to:

 

**Render 900/1800 MHz mobile radiophone communication services**

 

The terms and conditions of rendering suchservices and the territory are given in the Addendum being an integral part ofthis License.

 
| License expiration date                          |   | December 30, 2013 |
|--------------------------------------------------|--------|-------------------|
|                                             |   |              |
| Start of services’ rendering                |   | June 30, 2005     |
| (not later than)                                 |   |              |
|                                             |   |              |
| Date of License registration with                |   |              |
| The Uniform License Register for  Communications |   | December 30, 2003 |

 
| **First Deputy Minister of the Russian Federation,** |       |              |
|------------------------------------------------------|------------|-------------------|
| **Ministry of Communications and  Informatization**  | ** ** | **B.D. Antonyuk** |

 

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**The conditions for theperformance of activities**

**in accordance with License No.30259**

 

1.               Mobile TeleSystems OJSC (the Licensee) ishereby authorized to render cellular radiophone communication public-switchednetwork services using GSM  equipment,with installation of necessary equipment operating in frequency nominalallocated in accordance with the established procedure, in 900 MHz and 1800 MHzband, in the territory of the Karachai-Cherkess Republic.

 

The cellular communication services shall berendered using the Licensee’s communication network which must be a part of theuniform GSM cellular communication network of the Russian Federation.

 

The Licensee shall participate in the work ofthe agency authorized by the Administration of Communications of the RussianFederation to coordinate the work on establishing a uniform GSM mobileradiophone public-switched communication network of the Russian Federation.

 

2.               The aggregate ***installedcapacity of the Licensee’s network and the coverage index upon  allocation of a sufficient frequency resourceshall be, by years, respectively, as of December 31, at least:***

 

2006  -50000 numbers (10%)

2013  -150000 numbers (35%)

 

The rate of territory coverage may bespecified in implementing the conditions of this License.

 

3.               The network of the Licensee shall beestablished in accordance with the General Scheme of establishment andstage-by-stage development of Russian GSM public-switched mobile radiophonecommunication network which provides for the organization of necessaryinteraction with networks of other operators.

 

The GSM-900/1800 network established by theLicensee shall be connected to the public-switched communication network of theRussian Federation, at the long-distance level, in accordance with the GeneralScheme of establishment and stage-by-stage development of GSM public-switchedmobile radiophone communication network of the Russian Federation.

 

Additional interaction of the Licensee’snetwork with PSTN at the local level is allowed to ensure a technicalpossibility to transfer local traffic and render an additional service relatingto call forwarding from the local telephone network  to subscribers of the Licensee’s network.

 

At that, the additional interaction of theLicensee’s network with PSTN at the local level is allowed only subject toimplementation of the long-distance level of the Licensee’s network connectionto PSTN in accordance with the General Scheme.

 

4.               Any Licensee’s activity aimed at interaction ofits established network with any foreign mobile communication networks shall beapproved by the Administration of Communications of the Russian Federation orother body authorized by the Administration.

 

5.               The Licensee shall adhere to the rules andregulations adopted in the Russian Federation, ETSI standards as established bythe Administration of Communications for GSM telecommunications.

 

6.               The activity of the Licensee relating to theuse of GSM communication network infrastructure shall be performed as agreed bythe parties and in accordance with non-discrimination principles.

 

7.               Numbering in the Licensee’s network shall be inconformity with the PSTN numbering and the numbering requirements of theterrestrial mobile service.

 

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8.               The Licensee’s network shall be designed andconstructed to ensure that telecommunications failure level at peak load doesnot exceed 5%.

 

9.               The network shall be only established, ifproject documentation based on the General Scheme of establishment anddevelopment of GSM federal public-switched mobile radiophone communicationnetwork of the Russian Federation, Building Specifications and Regulations, andIndustry Standards of Production Engineering adopted in the Russian Federation,as duly coordinated and approved, is available.

 

10.         The Licensee shall render the services on its licensed territory to anyrequesting entity if technically feasible.

 

The Licensee shall have the right to refuseproviding the services if:

• the service rendering may cause threat to thestate security and  defense, and threatto population health and safety;

• the service rendering is not possible due toany physical, topographic or any other natural hindrances;

• the user, under no solid arguments, rejects theterms and conditions of service rendering, or fails to pay for the servicesrendered;

• the user uses or intends to use thecommunications equipment for any illegal purposes, uses the services illegally,uses improperly the equipment provided, or uses uncertified equipment.

 

Any rejection shall be well-grounded.

 

11.         The Licensee shall provide the telecommunications services through thenetwork established to all users of the GSM federal public-switched mobileradiophone communication network of the Russian Federation irrespective oftheir place of registration or purchase of subscriber equipment.

 

Roaming services in the same constituententity of the Russian Federation shall not be organized between differentoperators’ same-standard networks.

 

12.         The Licensee shall provide its mobile subscribers with the opportunityto call local special services (fire prevention service, militia, ambulance,gas service, etc) free, irrespective of their location in the licenseterritory.

 

13.         Long-distance – interurban and international- communications services tothe Licensee’s network subscribers shall be provided through the PSTN inconformity with the General Scheme of establishment and development of GSMfederal public-switched mobile radiophone communication network of the RussianFederation.

 

14.         The Licensee shall be obliged to provide its users with the servicesthat meet quality standards, specifications, and terms and conditions of theagreement on rendering telecommunication services.

 

15.         The Licensee shall account to the users should it fail to or improperlyfulfill its obligations according to the procedure and the extent as prescribedby the laws of the Russian Federation.

 

16.         The Licensee shall provide the services on the 24/7 basis, except forthe repair and maintenance periods which should be scheduled for the time mostconvenient to the users.

 

17.         The Licensee shall arrange for a directory-inquiry service and issue adirectory of subscribers connected to the network established.

 

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18.         Subscriber SIM-cards that ensure subscribers’ identification and abilityto pay for the services provided by the GSM federal public-switched mobileradiophone communication network of the Russian Federation shall conform to theunified numbering as specified for such cards by the Administration ofCommunications of the Russian Federation.

 

19.         The Licensee shall have the right to use telecommunications channels andphysical circuits of the PSTN of the Russian Federation according to the tariffplans in force for the specific user group.

 

20.         The Licensee shall adhere to the requirements of Administration ofCommunications of the Russian Federation on traffic and service rendering.

 

If so stipulated by the laws of the RussianFederation, the Administration of Communications of the Russian Federation orother body authorized by the Administration shall execute centralizedmanagement of Licensee’s networks.

 

21.         The Licensee shall bear all expenses related to development of generalscheme of GSM federal public-switched mobile radiophone communication network,design and construction of Licensee’s network, network connection to PSTN ofthe Russian Federation, allocation of frequencies necessary to establish thenetwork, elaboration of EMC principles between the radio equipment used and theexisting radio systems, mutual settlements with the operators’ of the RussianPSTN and other GSM operators, development and issue of regulatorydocumentation.

 

22.         The Licensee shall settle traffic payments with public-switched networksoperators according to the procedure prescribed for the public-switchednetworks of the Russian Federation.

 

23.         The service tariff plans shall be as agreed by the parties.

 

If so stipulated by the laws of the RussianFederation, the tariff plans for specific services rendered by thecommunications provider shall be set by the government.

 

The interconnection rates shall be set forthby the agreements, terms and conditions as agreed by the relativecommunications companies. Any arguments arising in connection to these issuesshall be considered by the court or arbitrage.

 

The subscribers shall not be charged forunsuccessful calls.

 

24.         Certain groups of governmental officials, diplomats or consularrepresentatives of other states, representatives of internationalorganizations, and other customer groups using electrical communications, shallget priority as for queuing, priority of use and payment conditions.

 

The lists of benefits and officials entitledto the benefits shall be determined according to the laws of the RussianFederation, legal standard acts of the constituent entities of the RussianFederation, and international contracts and agreements signed by the RussianFederation.

 

25.         The Licensee shall provide free electrical communications for businesspurposes, as prescribed by the procedures adopted by the Ministry ofCommunications and Informatization of the Russian Federation.

 

26.         In case of natural calamities, quarantines or other natural orman-caused states of emergency, the duly authorized state bodies shall have thepriority to use or suspend operations of Licensee’s network or equipment.

 

27.         The Licensee shall grant absolute priority to any messages related tohuman safety on sea, land, air or space, urgent actions related to defense,security or law and order in the Russian Federation, as well as to majoraccidents, catastrophes, epidemics, epizootics or acts of God.

 

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28.         The Licensee shall, if requested by the Ministry of Communications andInformatization of the Russian Federation, submit information on technicalcondition and perspectives of network development, on rendering communicationsservices and existing tariff plans.

 

29.         The Licensee shall be obliged to ensure the observance of communicationsecrecy.

 

Any information relating to messagestransferred through the Licensee’s network, and these messages themselves, maybe delivered only to senders and addressee hereof, or their legitimaterepresentatives.

 

Wire tapping, inspection of electricalcommunication messages, receiving related data, and other restrictions ofcommunication secrecy are allowed only according to the current legislation ofthe Russian Federation.

 

30.         When developing, establishing and operating the communication network,the Licensee shall be obliged, in accordance with the legislation of theRussian Federation, to render assistance and afford to agencies performingoperational-investigative activities an opportunity to effectoperational-investigative  actions in thecommunication network, take measures to ban the disclosure of organizationaland tactical methods of such actions.

 

Should communication facilities be abusedinfringing the interests of  any person,society or state, the authorized governmental bodies, in accordance with thelaw of the Russian Federation, shall be entitled to suspend the operation ofthe Licensee’s networks and communication facilities.

 

The connection of subscribers shall beperformed upon the implementation of requirements under the Law “OnOperational-Investigative Activities in the Russian Federation “

 

31.         The Licensee shall be obliged to take measures to prevent unauthorizedintrusion into the management of the established network and unauthorizedcontrol over its operation.

 

32.         As advised by the Ministry of Communications and Informatization, theLicensee shall afford an opportunity for testing facilities in its network, ifit does not affect the operator activities of the Licensee.

 

33.         The commencement of rendering communication services under this Licenseshall be allowed, given that the operation of network elements is authorized bystate communication and informatization supervision bodies of the RussianFederation.

 

34.         The use of technical facilities is allowed, given that there is acertificate of conformity of “Sviaz” Compulsory Certification System.

 

35.         The Licensee may not prevent the state communication and informatizationsupervision bodies of the Russian Federation from verifying technicalparameters of the communication network and shall ensure, if necessary, anaccess of said bodies to its measuring equipment to be used in this work.

 

36.         The License shall be governed by, construed and executed in accordancewith current legislation of the Russian Federation.

 

37.         The Licensee shall be obliged to perform its activities in accordancewith current enactments and laws of the Russian Federation.

 

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38.         The Ministry of Communications and Informatization of the RussianFederation shall reserve the right to make alterations and additions to thisLicense subject to changes in current legislation of the Russian Federation.

 

39.         The Licensee shall be obliged to provide periodical and annual statestatistical reporting to local statistical offices and the Ministry ofCommunications and Informatization of the Russian Federation in accordance withthe procedure established by the State Committee of the Russian Federation forStatistics.

 

The violation of the procedure for providingstatistical reporting shall entail administrative responsibility in accordancethe current law.

 

40.         The License can not be passes to any other person.

 

41.         The Licensee shall be obliged to make deductions from revenue obtainedfrom the provided communication and informatization services to the account ofthe Ministry of Communications and Informatization of the Russian Federationunder the standard established on the basis of Government Decree No.380 datedApril 28, 2000.

 

The transfer of funds shall be made on amonthly basis, proceeding from actual revenue obtained from the provision ofcommunication and informatization services for the last calendar month, nolater than on the 20-th day of the next month. The amount of funds subject totransfer shall be specified quarterly after the provision of financialstatements to tax authorities.

 

To control the completeness of funds receivedon account of the Ministry of Communications and Informatization of the RussianFederation, the Licensee, upon a written request of  the management of the communication andinformatization supervision department of the constituent entity of the RussianFederation, shall provide the respective form of financial statementsreflecting the information on revenue obtained for the provision ofcommunication and informatization services.

 

42.         The License shall be registered upon its issuance by respectivecommunication and informatization supervision body in the Russian Federation.

 

In the event of change of its postal address,bank details and phone number, or reorganization or liquidation of the legalentity, the Licensee shall be obliged to inform the Ministry of Communicationsand Informatization of the Russian Federation and the communication andinformatization supervision department in the Russian Federation where theLicense was registered.

 
| **First Deputy Minister of the Russian Federation,** |       |              |
|------------------------------------------------------|------------|-------------------|
| **Ministry of Communications and  Informatization**  | ** ** | **B.D. Antonyuk** |

 
| **Head of License Management** | ** ** | **N.M. Popov** |
|--------------------------------|------------|----------------|

 

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