MTS turnover doubles year-on-year

22 May 2003

Eastern Europe’s dominant cellco Mobile TeleSystems (MTS) [NYSE: MBT] has reported a 52.5% increase in revenues in 2002 to USD1.36 billion, with a 34.6% rise in net income to USD277.1 million. The cellco’s subscriber base nearly-tripled over the year to 6.64 million, a figure which had increased to 10.42 million by mid-May 2003.

Russia, Mobile TeleSystems (MTS)