Ruble switch

19 Dec 2006

MTS, the largest Russian cellular operator by subscribers, says it expects to have completed its switch to a ruble-based charging system sometime in the first half of 2007, moving away from its current dollar-denominated tariffs. It has already begun the process of switching to ruble tariffs at some of its subsidiaries in southwestern Russia, Prime Tass reports. The new tariffs will include value added tax (VAT) so that they are easier for consumers to understand.

Russia, Mobile TeleSystems (MTS)