MTS announces 16.6% rise in Q2 revenues

27 Aug 2010

Russian-based telecoms giant Mobile TeleSystems (MTS) has announced revenues of USD2.77 billion for the three months ended 30 June 2010. This figure represents a rise of 16.6% from the USD2.38 billion reported in the same period one year earlier. Of this figure, USD2.23 billion was generated by mobile services, a rise of 15.1% from USD1.94 billion in 2Q09, whilst the company’s fixed line unit was responsible for revenues of USD412.5 million, up 13.4% from USD363.6 million one year earlier. However, net income for the quarter slumped 38.7% from USD577.4 million to USD354.0 million year-on-year.

The Group’s domestic unit reported revenues of RUB69.50 billion (USD2.26 billion) for the three months from March to June 2010, an increase of 11.3% from RUB62.47 billion one year earlier. MTS Ukraine saw revenues rise 8.6% year-on-year from UAH1.98 billion (USD247.0 million) to UAH2.15 billion in Q2 2010. MTS Uzbekistan recorded revenues of USD113.3 million in the quarter, up 16.8% from USD97.0 million one year earlier. Meanwhile, MTS Turkmenistan saw revenues rise 41.9% from TMT107.3 million (USD37.6 million) in 2Q09 to TMT152.3 million in the last quarter. Only the group’s Armenian unit VivaCell-MTS reported a decrease in revenues year-on-year, at AMD19.29 billion (USD52.5 million), down 1.3% from AMD19.53 billion one year earlier.

Mikhail Shamolin, president and CEO of MTS, commented: ‘We see good seasonal trends in rising voice and data usage, the healthy contribution from the sale of handsets and consumption of higher-value products like voice and data roaming and long distance.’

Russia, Mobile TeleSystems (MTS)