MTS to spend USD2 billion this year

22 Jun 2005

Russian mobile group Mobile TeleSystems (MTS) has raised its capital expenditure forecast for the full year 2005 to USD2 billion, up from USD1.36 billion last year. USD1.45 billion will be spent on domestic operations, with USD500 million ploughed being into its Ukrainian arm, Ukrainian Mobile Communications (UMC), and a further USD50 million set aside for Uzbekistan cellco Uzdunrobita.

Earlier this week UMC signed a contract with Motorola for the managed optimisation and expansion of part of its GSM network.

Russia, Mobile TeleSystems (MTS), UMS (Mobiuz), Vodafone Ukraine