Mobile Telesystems Ojsc (MBT)

[MadeIt]

MTS Board Recommends 2008 Dividend Of RUB20.15 A Share





MOSCOW -(Dow Jones)- OAO Mobile TeleSystems' (MBT) board has recommended a dividend for 2008 of 20.15 rubles ($0.64) a share, the company said Thursday.
If approved, Russia's most widely used cellular operator will pay a total of RUB39.40 billion for the year, equivalent to 60% of its net income.

The company, which is part of conglomerate OAO AFK Sistema (AFKS.RS), paid RUB29.58 billion in dividends for 2007.

Company Web site: www.mtsgsm.com

-By Will Bland, Dow Jones Newswires; [phone]; [e-mail]