4G Inside: WiMAX Enabled Laptops Presented in Ukrainian Capital

KIEV, Ukraine, June 8, 2010 - FreshTel has become Ukraine's first international Mobile WiMAX
operator to present laptops equipped with Intel's WiMAX adapters. FreshTel,
the Ukrainian 4G operator, and Intel, the leading producer of microelectronic
hardware, have presented four portable computers, fully equipped and
integrated to be used in WiMAX networks.

4G, the mobile broadband internet access technology, is
gaining ground as a standard feature for laptop producers. The leading
vendors are beginning to equip new portable PCs with the 2010 Intel(R)
Core(TM) and Intel(R) Centrino(R) Advanced-N + WiMAX 6250 adapter. The
multiband wireless adapter can be used in WiMAX networks in three frequency
bands - 3.5 GHz, 2.5 GHz and 2.3 GHz. FreshTel network launched in Kiev in
September 2009 has enabled the residents of the Ukrainian capital and its
suburbia to take advantage of this technology. In 2010-2011 the network is to
cover all the major cities of the country.

"WiMAX adapter equipped laptops mark an important stage in the
development of affordable 4G. From now on, every buyer of a portable computer
or a netbook will be able to use mobile broadband internet at any time in any
place. The technology enables video calls, online TV as well as other
multimedia content, access to the lectures at the world's best universities,
web conferences and webinars. This development indicates a higher level of
Ukraine's integration in the modern knowledge-based economy," Kirill
Dmitriev, president of Icon Private Equity says.

FreshTel and Intel have focused on the WiMAX-preinstalled
netbooks - this segment of the global laptop market is rapidly growing: in
2008-2009 sales have more than doubled - from 16.4m to 33.3m units a year,
their share in the total sales volume increased from 11% to 20%. Netbook
devices boats a wide range of functions and low prices - FreshTel intends to
offer its users netbooks at less than $300. These advantages along with the
expanding coverage and affordable tariff plans (the minimum rate is as low as
59 UAH) can become a catalyst of explosive growth in penetration and usage
rates of broadband internet in Ukraine and make it available at every
secondary school, university, small enterprise and towns across the country.

Katerina Romanovskaya, email: katerina.romanovska@iconpe.com, tel:
+38-050-384-2875

Katerina Romanovskaya, email: katerina.romanovska at iconpe.com, tel: +38-050-384-2875