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TheStreet Open House

OJSC VimpelCom Wins LTE License In Russia

AMSTERDAM, July 12, 2012 /PRNewswire/ -- "VimpelCom Ltd" ("VimpelCom", "Company" or "Group") (NYSE: VIP), a leading global provider of telecommunications services, today announces that its wholly owned subsidiary in Russia, OJSC "Vimpel-Communications" ("OJSC VimpelCom") has been awarded a license to provide services over the LTE standard in Russia. An English translation of the press release published today by OJSC VimpelCom follows:

Moscow, July 12, 2012. OJSC VimpelCom (TM "Beeline") is pleased to announce that according to the official information of Roskomnadzor, the Russian Federal Service for Supervision of Communications, Information Technology and Mass Media, VimpelCom is among the winners of today's contest for four LTE licenses to render services using radio-electronic devices in the territory of the Russian Federation. The licenses allow the winning companies to provide services via networks that use the LTE standard and its further modifications within the frequency band of 791-862 MHz.

VimpelCom has won one of four licenses awarded in the contest. The company has been granted the license to render services within the radio frequency band of 813.5-821/854.5-862MHz across the Russian territory.

As a condition of the licence, VimpelCom will start providing services no later than June 1, 2013. The rollout of the network using the LTE standard and its further modifications within the frequency band of 791-862, 2500-2690, 720-750 & 761-791 MHz ranges within the territory of the Russian Federation will be as follows*:

- in 6 regions by the end of 2013;- in 12 regions by the end of 2014;- in 20 regions by the end of 2015;- in 30 regions by the end of 2016;- in 50 regions by the end of 2017;- in 60 regions by the end of 2018;- Full coverage the Russian Federation by the end of 2019.

A further condition of the licence award is that each winner will invest at least RUR 15 BLN annually until its federal LTE network is built (the federal LTE network must be built within 7 years, starting from 2013).

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