Paragon Software Group, the leading developer of multi-platform software applications for mobiles and computers, and Mobile TeleSystems (“MTS” – NYSE: MBT), the largest mobile operator in Russia and the Commonwealth of Independent States (CIS), were awarded for developments in wireless network infrastructure at the Global Telecoms Business (GTB) Innovation Awards 2011. At a ceremony held June 7, 2011, in London, the companies were honored for mobile service and billing innovation with the successful deployment of the MTS Mobile Portal, an easily accessible interface that allows MTS subscribers to manage applications and MTS services from a single point on their mobile devices.