MTS revenues down 23% to US2B in Q2 - Mobile World Live

MTS revenues down 23% to US2B in Q2

20 OCT 2009

Russian and CIS mobile operator MTS saw its revenues fall by 23 percent year-on-year to US$2.022 billion in Q2, due mainly to depreciation in the ruble, reports Telecompaper. OIBDA was down 29 percent from the year-ago period to US$954 million, and the OIBDA margin declined to 47.2 percent from 51.2 percent in the year-earlier period. Net income decreased by 15 percent year-on-year to US$563 million. MTS’s total subscriber base increased by 3 percent to 99.51 million, compared to 96.61 million in 1Q09.

 

Author

Mobile World Live

Mobile World Live is the online service dedicated to providing the mobile industry with daily news coverage & analysis of the biggest global market developments.

Read more

Related

Tags