Russian communications giant Mobile TeleSystems (MTS) has posted revenues of RUB398.4 billion (USD10.9 billion) for the year ended 31 December 2013, up 5.3% year-on-year. OIBDA for the year increased 8.2% to RUB175.0 million, while net income attributable to the group surged 169.3% to RUB79.8 billion.
In operational terms, at 31 December 2013 MTS claimed 107.83 million consolidated mobile subscribers, up from 101.02 million on an annualised basis. Of this figure, Russia accounted for the lion’s share (75.32 million), ahead of Ukraine (22.26 million), Belarus (5.39 million), Armenia (2.44 million) and Turkmenistan (2.02 million).
Going forward, CAPEX for 2014 is expected to be 21% of revenue, with the bulk of the investments likely to be channelled into the ongoing rollout of 4G Long Term Evolution (LTE) networks in Russia, the continued deployment of GPON technology in Moscow and the Moscow Region, network improvements and equipment swaps in Ukraine, and the build-out of 3G networks in Turkmenistan.