Mobile TeleSystems Public Joint Stock : MTS Receives Russia’s First 5G License

MOSCOW, Russia - MTS (NYSE: MBT; MOEX: MTSS), Russia's leading mobile operator and media and digital services provider, announces it has received the country's first license for 5G operations in the 24.25-24.65 GHz mmWave band under the 5G/IMT-2020 standard. As a result, the company plans to market innovative new solutions that leverage cutting-edge high-bandwidth, low-latency connectivity for enterprise and industrial applications.

The license, which was granted by the Russian Federal Service for Supervision of Communications, Information Technology, and Mass Media (Roskomnadzor), covers 83 Russian regions and expires July 16, 2025.

Alexey Kornya, MTS President & CEO, commented: 'Obtaining Russia's first 5G license is a historic moment for our industry, bringing us one step closer to a new era in the history of communications, digitalization, and information technology. For MTS, 5G will be a key enabler in developing our digital ecosystem - in particular by unlocking new automation opportunities for B2B customers. Fifth-generation connectivity will enable corporate customers to leverage new advances in AI, IoT, and AR/VR, as well as interactive education, autonomous transportation, and industrial process automation,' he said. 'While we still have a long way to go before mass adoption, it's already clear that in the next few years 5G is set to impact every industry and become a key growth driver for the economy as a whole.'

In the near future, MTS plans to launch a range of 5G-based solutions for corporate customers, with development and testing of a variety of business uses cases already underway, including:

• Manufacturing - machine vision, predictive analytics, and digital twins for remote equipment monitoring and control.
• Agriculture, pulp & paper, and oil & gas - drone-based infrastructure inspection and monitoring.
• Healthcare - remote surgery and patient monitoring.
• Retail - digitized smart stores and biometric payment systems.
• Logistics - automated warehouse operations and autonomous vehicles.

The new license was granted by Roskomnadzor based on the March 17, 2020 decision by the Russian State Commission for Radio Frequencies providing for 5G/IMT-2020 connectivity for networks in Russia operating in the 24.25-24.65 GHz mmWave band.

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For further information, please contact in Moscow:

Investor Relations Department
Mobile TeleSystems PJSC
Tel: [phone]
E-mail: [e-mail]

Learn more about MTS. Visit the official blog of the Investor Relations Department at www.ir.mts.ru/ir-blog

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Mobile TeleSystems PJSC ('MTS' - NYSE:MBT; MOEX:MTSS), the leading telecommunications group in Russia and the CIS, provides a range of mobile, fixed-line and digital services. We serve over 80 million mobile subscribers in Russia, Armenia, and Belarus, and about 9 million customers in Russia of fixed-line services, including fixed voice, broadband internet, and pay-TV. To keep pace with evolving customer demand, MTS is redefining what telecommunications services are by offering innovative products beyond its core network-related businesses in various tech segments, including Big Data, financial and banking services, internet of things, OTT, cloud computing, systems integration and e-commerce. We leverage our market-leading retail network as a platform for customer services and sales of devices and accessories. MTS maintains its leadership in the Russian mobile market in terms of revenue and profitability. MTS is majority-owned by Sistema PJSFC. Since 2000, MTS shares have been listed on the New York Stock Exchange and since 2003 - on the Moscow Exchange. For more information, please visit: www.ir.mts.ru.

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Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of MTS, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify forward looking statements by terms such as 'expect,' 'believe,' 'anticipate,' 'estimate,' 'intend,' 'will,' 'could,' 'may' or 'might,' and the negative of such terms or other similar expressions. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. We do not undertake or intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. We refer you to the documents MTS files from time to time with the U.S. Securities and Exchange Commission, specifically the Company's most recent Form 20-F. These documents contain and identify important factors, including those contained in the section captioned 'Risk Factors' that could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, the severity and duration of current economic and financial conditions, including volatility in interest and exchange rates, commodity and equity prices and the value of financial assets; the impact of Russian, U.S. and other foreign government programs to restore liquidity and stimulate national and global economies, our ability to maintain our current credit rating and the impact on our funding costs and competitive position if we do not do so, strategic actions, including acquisitions and dispositions and our success in integrating acquired businesses, potential fluctuations in quarterly results, our competitive environment, dependence on new service development and tariff structures, rapid technological and market change, acquisition strategy, risks associated with telecommunications infrastructure, governmental regulation of the telecommunications industries and other risks associated with operating in Russia and the CIS, volatility of stock price, financial risk management and future growth subject to risks.

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