MTS raises group revenue 3.1% in Q1

24 May 2018

Russia’s Mobile TeleSystems (MTS) reported that group revenue climbed 3.1% year-on-year in Q1 2018 to RUB107.9 billion (USD1.8 billion), whilst operating profit jumped 23.4% to RUB26.8 billion and net income rose 23.6% to RUB15.4 billion.

Group mobile subscribers stood at 106.2 million at end-March 2018, down by 2.4% y-o-y, the bulk accounted for by Russia – 78.1 million (down 1.1%) – followed by Ukraine (under the Vodafone brand, 20.7 million, down 0.8%), Belarus (5.3 million, up 2.4%) and Armenia (2.1 million, up 1.2%).

Russia, Mobile TeleSystems (MTS)