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Exhibit 4.8

ANRC - National Regulatory Authority for Communications

LICENSE No. 1.6/ 18.03.2005 
For the Use of Numbering Resources

having regard to art. 17 of the Government Order no. 79/2002
regarding the general regulatory framework in the communications industry,
approved with modifications and additions by Law 591/2002 as further amended and
supplemented, and having regard to Decision 141/2002 of the president of the
National Regulatory in Communications regarding the procedure for the requesting
and the granting of license for the use of numbering resources, as modified by
Decision 137/2004 of the president of the National Regulatory Authority for
Communications.

1. The Licensee: SC MobiFon SA 
address: Avrig no. 3, sector 2, Bucharest 
               
Single registration code 8971726,

is hereby granted the right to use the range of numbers from the National
Numbering Plan as specified in the annex attached as an integral part to this
License.

2. The numbering resources allocated under this License shall be used to
provide the following services:

2.1. Telephone services provided via terrestrial mobile public networks.

3. Type of numbering resources allocated, according to the National Numbering
Plan, under this License:

3.1 Non-geographical national numbers within the range OZ = 07

4. The numbers allocated shall be used within the areas specified in the
annex to this License.

5. This License is valid through 14.02.2013

6. Under this License the Licensee:

6.1 shall refrain from using national numbering resources other
than those allocated herein;

6.2 shall use the allocated numbering resources exclusively for
the designated services;

6.3 shall use the allocated numbering resources allocated
hereunder effectively and rationally;

6.4 shall implement the requirements regarding numbers
portability, according to the regulations to be passed by the ANCR;

6.5 shall pay the fees for the use of the allocated numbering
resources as ANRC may charge under art. 19 (2) and (3) of EGO 79/2002 regarding
the general regulatory

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framework in the communications field, as amended and
supplemented by Law 591/2002,a s further amended and supplemented;
6.6 shall ensure inclusion in the public telephone directories
of the information regarding the numbering resources allocated hereunder;
6.7 Shall protect, upon subscriber's request and in line with
the laws in force, the confidentiality of the assigned numbers;
6.8 Shall ensure access of its own subscribers to the customer
inquiry service and to the public phone directories;
6.9 Shall ensure free and uninterrupted initiation of the
emergency calls from the single European emergency call number, 112, or other
national emergency call numbers;
6.10 Depending on the technological level of its own network,
Licensee shall provide easy access of the specialized intervention services to
the information enabling them to track down the terminal wherefrom the emergency
calls are placed.
6.11 Shall apply the principles of nondiscrimination and
transparency in dealing with its subscribers and with other electronic
communications providers, with regard to the numbers or the sequences of numbers
used to access their services;
6.12 Shall submit to ANRC before January 31 of each year, a
report describing the actual use of the allocated numbering resources.
7. This License may be modified, suspended or withdrawn under
the terms and conditions of art. 13 and art. 15 of ANRC Decision 141/2001
regarding the procedure for the requesting and the granting of licenses for the
use of numbering resources, as amended by Decision 137/2004 of the president of
ANRC.
8. The right to use the numbering resources under this License
shall cease according to art. 14 of the ANRC Decision 141/2002.
9. This License may be assigned to third parties subject only to
the prior approval of ANRC.
10. Failure of Licensee to abide by the obligations herein shall
be sanctioned as described in Chapter XI of EGO 79/2002.
11. This License supersedes the License no. 1.5/18.08.2004.
Dan Cristian Georgescu 
President

|(s. Illegible)              | (s. illegible)  
|--------------------------- | ----------------
|Director                    | Legal Department
|Department for              |                 
|Technical Market Regulation |                 

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ANNEX
to the License no. 1.6/18.03.2005 
for the use of numbering resources
Non-geographic national numbers within range OZ = 07

|NUMBERING | Block Size | Usage Area       
|--------- | ---------- | -----------------
|OZAB      | PQM CDU    |                  
|0720      | XXX XXX    | 1 000 000 numbers
|0721      | XXX XXX    | 1 000 000 numbers
|0722      | XXX XXX    | 1 000 000 numbers
|0723      | XXX XXX    | 1 000 000 numbers
|0724      | XXX XXX    | 1 000 000 numbers
|0725      | XXX XXX    | 1 000 000 numbers
|0726      | XXX XXX    | 1 000 000 numbers
|0727      | XXX XXX    | 1 000 000 numbers
|0729      | XXX XXX    | 1 000 000 numbers

where x = 0, 1, ...., 9

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