**Exhibit 4.26**

 

**Ministry of Communications andInformatization****of the Russian Federation**

 

**LICENSE**

 

A 030458 No. **29525**

 

In accordance with the currentlaws of the Russian Federation

 

**Mobile TeleSystems****OpenJoint 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. 29525**

 

1.   Mobile TeleSystems OJSC(the Licensee) is hereby authorized to render cellular radiophone communicationpublic-switched network services using GSM equipment, with installation of necessary equipment operating infrequency nominal allocated in accordance with the established procedure, in900 MHz and 1800 MHz band, in the territory of the Stavropol Krai.

 

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 ***installed capacity of the Licensee’s network and thecoverage index upon  allocation of asufficient frequency resource shall be, by years, respectively, as of December31, at least:***

 

2006  -80000 numbers (20%)

2013  -  450000 numbers (50%)

 

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

 

3.   The network of theLicensee shall be established in accordance with the General Scheme ofestablishment and stage-by-stage development of Russian GSM public-switchedmobile radiophone communication network which provides for the organization ofnecessary interaction 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 activityaimed at interaction of its established network with any foreign mobilecommunication networks shall be approved by the Administration ofCommunications of the Russian Federation or other body authorized by theAdministration.

 

5.   The Licensee shall adhereto the rules and regulations adopted in the Russian Federation, ETSI standardsas established by the Administration of Communications for GSMtelecommunications.

 

6.   The activity of theLicensee relating to the use of GSM communication network infrastructure shallbe performed as agreed by the parties and in accordance with non-discriminationprinciples.

 

7.   Numbering in the Licensee’snetwork shall be in conformity with the PSTN numbering and the numberingrequirements of the terrestrial mobile service.

 

8.   The Licensee’s networkshall be designed and constructed to ensure that telecommunications failurelevel at peak load does not exceed 5%.

 

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9.   The network shall be onlyestablished, if project documentation based on the General Scheme of establishmentand development 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 theservices on its licensed territory to any requesting entity if technicallyfeasible.

 

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 thetelecommunications services through the network established to all users of theGSM federal public-switched mobile radiophone communication network of the RussianFederation irrespective of their place of registration or purchase ofsubscriber 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 itsmobile subscribers with the opportunity to call local special services (fireprevention service, militia, ambulance, gas service, etc) free, irrespective oftheir location in the license territory.

 

13. Long-distance – interurban andinternational- communications services to the Licensee’s network subscribersshall be provided through the PSTN in conformity with the General Scheme ofestablishment and development of GSM federal public-switched mobile radiophonecommunication network of the Russian Federation.

 

14. The Licensee shall be obliged toprovide its users with the services that meet quality standards,specifications, and terms and conditions of the agreement on renderingtelecommunication services.

 

15. The Licensee shall account to theusers should it fail to or improperly fulfill its obligations according to theprocedure and the extent as prescribed by the laws of the Russian Federation.

 

16. The Licensee shall provide theservices on the 24/7 basis, except for the repair and maintenance periods whichshould be scheduled for the time most convenient to the users.

 

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

 

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18. Subscriber SIM-cards that ensuresubscribers’ identification and ability to pay for the services provided by theGSM federal public-switched mobile radiophone communication network of theRussian Federation shall conform to the unified numbering as specified for suchcards by the Administration of Communications of the Russian Federation.

 

19. The Licensee shall have the right touse telecommunications channels and physical circuits of the PSTN of theRussian Federation according to the tariff plans in force for the specific usergroup.

 

20. The Licensee shall adhere to therequirements of Administration of Communications of the Russian Federation ontraffic 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 expensesrelated to development of general scheme of GSM federal public-switched mobileradiophone communication network, design and construction of Licensee’snetwork, network connection to PSTN of the Russian Federation, allocation offrequencies necessary to establish the network, elaboration of EMC principlesbetween the radio equipment used and the existing radio systems, mutualsettlements with the operators’ of the Russian PSTN and other GSM operators,development and issue of regulatory documentation.

 

22. The Licensee shall settle trafficpayments with public-switched networks operators according to the procedureprescribed for the public-switched networks of the Russian Federation.

 

23. The service tariff plans shall be asagreed 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 governmentalofficials, diplomats or consular representatives of other states,representatives of international organizations, and other customer groups usingelectrical communications, shall get priority as for queuing, priority of useand 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 freeelectrical communications for business purposes, as prescribed by theprocedures adopted by the Ministry of Communications and Informatization of theRussian Federation.

 

26. In case of natural calamities,quarantines or other natural or man-caused states of emergency, the dulyauthorized state bodies shall have the priority to use or suspend operations ofLicensee’s network or equipment.

 

27. The Licensee shall grant absolutepriority to any messages related to human safety on sea, land, air or space,urgent actions related to defense, security or law and order in the RussianFederation, as well as to major accidents, catastrophes, epidemics, epizooticsor acts of God.

 

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28. The Licensee shall, if requested bythe Ministry of Communications and Informatization of the Russian Federation,submit information on technical condition and perspectives of networkdevelopment, on rendering communications services and existing tariff plans.

 

29. The Licensee shall be obliged toensure the observance of communication secrecy.

 

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 andoperating the communication network, the Licensee shall be obliged, inaccordance with the legislation of the Russian Federation, to render assistanceand afford to agencies performing operational-investigative activities anopportunity to effect operational-investigative actions in the communication network, take measures to ban the disclosureof organizational and 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 totake measures to prevent unauthorized intrusion into the management of theestablished network and unauthorized control over its operation.

 

32. As advised by the Ministry ofCommunications and Informatization, the Licensee shall afford an opportunityfor testing facilities in its network, if it does not affect the operatoractivities of the Licensee.

 

33. The commencement of renderingcommunication services under this License shall be allowed, given that theoperation of network elements is authorized by state communication andinformatization supervision bodies of the Russian Federation.

 

34. The use of technical facilities isallowed, given that there is a certificate of conformity of “Sviaz” CompulsoryCertification System.

 

35. The Licensee may not prevent thestate communication and informatization supervision bodies of the RussianFederation from verifying technical parameters of the communication network andshall ensure, if necessary, an access of said bodies to its measuring equipmentto be used in this work.

 

36. The License shall be governed by,construed and executed in accordance with current legislation of the RussianFederation.

 

37. The Licensee shall be obliged toperform its activities in accordance with current enactments and laws of theRussian Federation.

 

38. The Ministry of Communications andInformatization of the Russian Federation shall reserve the right to makealterations and additions to this License subject to changes in currentlegislation of the Russian Federation.

 

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39. The Licensee shall be obliged toprovide periodical and annual state statistical reporting to local statisticaloffices and the Ministry of Communications and Informatization of the RussianFederation in accordance with the procedure established by the State Committeeof the Russian Federation for Statistics.

 

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

 

40. The License can not be passes to anyother person.

 

41. The Licensee shall be obliged tomake deductions from revenue obtained from the provided communication andinformatization services to the account of the Ministry of Communications andInformatization of the Russian Federation under the standard established on thebasis of Government Decree No.380 dated April 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 uponits issuance by respective communication and informatization supervision bodyin 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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