Morristown, NJ – September 4, 2007 – The TM Forum, the world’s leading industry organization dedicated to operational and business management issues for service providers, announced today that it has signed one of the largest mobile service providers in the Russian Federation, MegaFon, as its 600th member company. MegaFon joins numerous other communications, cable and media service providers from more than 65 countries.

“For our company, TM Forum membership is an important step towards becoming a leading regional telecom service provider. It allows us to actively collaborating with the international environment to develop and use proven industry standards for innovative product deployment, faster time-to-market, lower integration costs and deeper customer service focus,” said Sergey Soldatenkov, CEO of OJSC “MegaFon.”

The TM Forum has received international recognition for its commitment to helping service providers improve their businesses through a more standardized and streamlined approach to the management of business and operational systems. The organization’s technical working teams coupled with industry events and educational programs have enabled them to become the premier industry organization committed to these issues.

“We are excited to reach this important milestone for our organization,” said Keith Willetts, CEO and Chairman of the Board of the TM Forum. “Russia has become a very important and innovative services market, and we are delighted that Megafon has become our 600th member. As we grow in size, we are able to tackle the new operational and management challenges created by the growing convergence between communications, media and information services. Innovative and leading edge providers like Megafon help us to address these issues”

About the TM Forum

With approximately 600 members in 65 countries, the TM Forum is the world’s leading trade association focused on management of telecom, media & information services. The TM Forum provides leadership, strategic guidance and practical solutions to improve the way that services are created, delivered, assured and charged. Members include service providers, network operators, software suppliers, equipment suppliers and systems integrators.

The TM Forum currently facilitates over 80 technical programs and provides extensive training, conferencing and information services to its members. Through its initiatives to help providers move to 21st century ‘lean’ processes, the Forum helps its members automate business processes by deploying operational systems that will work seamlessly across various parts of the service delivery chain. The organization provides industry benchmarks, guidebooks, process and software frameworks and specific ‘plug and play’ standards. These give service providers the direction and specific roadmaps to achieve much greater business efficiency and operational flexibility.

For further information regarding the TM Forum, related programs such as the Prosspero initiative and TM Forum’s Management World conferences, please visit www.tmforum.org