Mobile TeleSystems (MTS) has announced the recommended amount of dividends for the full year 2007. On 19 May 2008, MTS’s Board of Directors recommended the annual general meeting of shareholders (AGM) approve annual dividends of RUR 14.84 per ordinary MTS share for the 2007 fiscal year, amounting to a total of RUR 29.58 billion ( USD 1,242.9 million) or 60 percent of US GAAP net income. The AGM will be held on 27 June 2008.