MadeIt
15 years ago
Russian May Mobile Phone Subs Up 2.3 Million To 195.1 Million - Survey
MOSCOW -(Dow Jones)- The number of Russian mobile phone subscriptions rose 2.3 million in May to 195.1 million, consultants Advanced Communications & Media said Tuesday.
Russia's largest operator OAO Mobile TeleSystems (MBT) took 40% of the new subscribers, a reversal of the recent trend which has shown OAO Vimpel Communications (VIP) gaining after buying half of the country's largest mobile phone retailer.
Penetration, or the number of valid SIM cards for each 100 people, rose to 134.4% in May from 132.8% in April.
AC&M gave the following breakdown of the largest operators' subscriber details for Russia. The figures don't include subscribers of MTS, VimpelCom and MegaFon elsewhere in the former Soviet Union.
Operator May April On Month
MTS 66.469 mln 65.677 mln +792,000
Vimpelcom 50.123 mln 49.978 mln +146,000
MegaFon 44.608 mln 44.045 mln +563,000
Tele2 10.950 mln 10.775 mln +175,000
Uralsvyazinform 5.950 mln 5.879 mln +71,000
AC&M Web site: www.acm-consulting.com
-By Will Bland, Dow Jones Newswires; +7 495 937 8445; william.bland@dowjones.com
MadeIt
15 years ago
MTS and Nokia Enter Strategic Partnership
MOSCOW, June 5 /PRNewswire-FirstCall/ -- Mobile TeleSystems OJSC ("MTS" - NYSE: MBT), the largest mobile phone operator in Russia and the CIS, and Nokia signed the memorandum of understanding on the direct delivery of Nokia devices to MTS' retail network. The first joint project of the two companies will be the priority sales launch of Nokia N97, Nokia's flagship mobile computer, equipped with exclusive software from MTS.
The agreement signed by MTS and Nokia at the 2009 St. Petersburg International Economic Forum provides for the direct supply of Nokia products to MTS' retail network, joint marketing campaigns to promote Nokia's handsets and a special training program for MTS' retail employees.
"This partnership agreement with Nokia is a milestone in our development of the MTS proprietary retail network. Teaming up with the world's leading maker of mobile devices will allow us to further differentiate MTS' retail network by matching cutting-edge products with tariff plans to enhance customer experience and spur the growth of data usage by our subscribers," noted Mr. Mikhail Shamolin, President and CEO of MTS.
"Nokia N97 is the flagship product which has no analogues in the world. For the first time in Russia, Nokia is launching such an important device in partnership with the largest mobile phone operator, MTS. Together with MTS, we have developed applications and widgets tailored to the Russian users," noted Mr. Niels Nielsen, Director-General of Nokia in Russia. "The primary difference of N97 from the currently available smartphones is not just the availability of touch display and QWERTY keyboard on one device, but the fact that it is a mobile computer with a range of applications that allow individual customization of the handset."
MTS has developed a number of branded applications for Nokia N97 aimed at business users that will be distributed on a free 2 GB micro-SD memory card. The sales of Nokia N97 will start on June 17 in all MTS stores in Moscow and in the flagship Nokia store. By the end of the month, the device will become available to subscribers of all mobile operators through the MTS retail network in Russia and the 30 Nokia stores in the largest Russian cities.
Mobile TeleSystems OJSC ("MTS") is the largest mobile phone operator in Russia and the CIS. Together with its subsidiaries, the Company services over 93.03 million subscribers. The regions of Russia, as well as Armenia, Belarus, Turkmenistan, Ukraine, and Uzbekistan, in which MTS and its associates and subsidiaries are licensed to provide GSM services, have a total population of more than 230 million. Since June 2000, MTS' Level 3 ADRs have been listed on the New York Stock Exchange (ticker symbol MBT). Additional information about MTS can be found on MTS' website at http://www.mtsgsm.com/.
Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of MTS, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify forward looking statements by terms such as "expect," "believe," "anticipate," "estimate," "intend," "will," "could," "may" or "might," and the negative of such terms or other similar expressions. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. We do not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. We refer you to the documents MTS files from time to time with the U.S. Securities and Exchange Commission, specifically the Company's most recent Form 20-F. These documents contain and identify important factors, including those contained in the section captioned "Risk Factors" that could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, potential fluctuations in quarterly results, our competitive environment, dependence on new service development and tariff structures, rapid technological and market change, acquisition strategy, risks associated with telecommunications infrastructure, risks associated with operating in Russia and the CIS, volatility of stock price, financial risk management and future growth subject to risks.
MadeIt
15 years ago
Critical Alerts for T, FITB, M, PCU, and MBT Released by Seven Summits Research
CHICAGO, June 12 /PRNewswire/ -- Seven Summits Research issues PriceWatch Alerts for key stocks.
Seven Summits Strategic Investments' PriceWatch Alerts are available at http://www.iotogo.com/s/061209A (Note: You may have to copy this link into your browser then press the [ENTER] key.)
Today's PriceWatch Alerts cover the following stocks: AT&T, Inc. (NYSE: T), Fifth Third Bancorp (NASDAQ:FITB), Macy's, Inc. (NYSE:M), Southern Copper Corp. (NYSE:PCU), and Mobile Telesystems OJSC (NYSE:MBT).
In today's unsure markets these brief PriceWatch Alerts contain concise detailed strategies for each covered stock and include position protection tactics designed to potentially defend investors from unexpected market shifts. While other market reports only provide stock news and opinion, we offer strategies that position investments against uncertainty and increase chances of making a profit, even if a stock goes down.
"Our PriceWatch Alerts go beyond other market reports. Along with a brief concise overview, each PriceWatch Alert provides useful strategies, which ensure potential investments are protected with basic hedging techniques," says Reid Stratton, Seven Summits Senior Analyst. "These brief company reports contain information that can benefit expert and novice investors who want to stay ahead of the market."
For essential information on stocks poised to move go to: http://www.iotogo.com/s/061209A for Seven Summits Strategic Investments' PriceWatch Alerts.
Seven Summits Investment Research is an independent investment research group, which focuses on the U.S. equities and options markets. Our analytical tools, screening techniques, rigorous research methods and committed staff provide solid information to help our clients make the best possible investment decisions. For more information go to http://www.sevensummitsinvestmentresearch.com/. CRD# 137114
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MadeIt
15 years ago
FORM 6-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Issuer
May 26, 2009
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
Commission file number: 333-12032
Mobile TeleSystems OJSC
(Exact name of Registrant as specified in its charter)
Russian Federation
(Jurisdiction of incorporation or organization)
4, Marksistskaya Street
Moscow 109147
Russian Federation
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F x Form 40-F o
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes o No x
--------------------------------------------------------------------------------
Ad Hoc Notice
May 26, 2009
Moscow, Russian Federation — Mobile TeleSystems OJSC (“MTS” — NYSE: MBT), the largest mobile phone operator in Russia and the CIS, has filed its annual report on form 20-F for the fiscal year 2008 with the United States Securities and Exchange Commission.
The document can also be found at http://www.mtsgsm.com/resources/annual_reports/ of the Investor Relations section. Hard copies of the document with the Company’s complete audited financial statements will be available free of charge to shareholders upon request.
* * *
For further information, please contact:
Mobile TeleSystems, Moscow
Investor Relations
Tel: +7 495 223 2025
E-mail: ir@mts.ru
* * *
Mobile TeleSystems OJSC (“MTS”) is the largest mobile phone operator in Russia and the CIS. Together with its subsidiaries, the Company services over 93.03 million subscribers. The regions of Russia, as well as Armenia, Belarus, Turkmenistan, Ukraine, and Uzbekistan, in which MTS and its associates and subsidiaries are licensed to provide GSM services, have a total population of more than 230 million. Since June 2000, MTS’ Level 3 ADRs have been listed on the New York Stock Exchange (ticker symbol MBT). Additional information about MTS can be found on MTS’ website at www.mtsgsm.com.
* * *
Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of MTS, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify forward looking statements by terms such as “expect,” “believe,” “anticipate,” “estimate,” “intend,” “will,” “could,” “may” or “might,” and the negative of such terms or other similar expressions. We wish to caution you that these statements are only predictions and that actual events or results may differ materially.
We do not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. We refer you to the documents MTS files from time to time with the U.S. Securities and Exchange Commission, specifically the Company’s most recent Form 20-F. These documents contain and identify important factors, including those contained in the section captioned “Risk Factors” that could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, potential fluctuations in quarterly results, our competitive environment, dependence on new service development and tariff structures, rapid technological and market change, acquisition strategy, risks associated with telecommunications infrastructure, risks associated with operating in Russia and the CIS, volatility of stock price, financial risk management and future growth subject to risks.
1
--------------------------------------------------------------------------------
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
MOBILE TELESYSTEMS OJSC
By:
/s/ Mikhail Shamolin
Name:
Mikhail Shamolin
Title:
CEO
Date: May 26, 2009
MadeIt
15 years ago
MTS Board Recommends 2008 Dividend Of RUB20.15 A Share
MOSCOW -(Dow Jones)- OAO Mobile TeleSystems' (MBT) board has recommended a dividend for 2008 of 20.15 rubles ($0.64) a share, the company said Thursday.
If approved, Russia's most widely used cellular operator will pay a total of RUB39.40 billion for the year, equivalent to 60% of its net income.
The company, which is part of conglomerate OAO AFK Sistema (AFKS.RS), paid RUB29.58 billion in dividends for 2007.
Company Web site: www.mtsgsm.com
-By Will Bland, Dow Jones Newswires; +7 495 937 8445; william.bland@dowjones.com
MadeIt
15 years ago
Mobile TeleSystems Announces Financial Results for the First Quarter Ended March 31, 2009
MOSCOW, Russian Federation, May 22 /PRNewswire-FirstCall/ -- Mobile TeleSystems OJSC (NYSE:MBT), today announces its consolidated US GAAP financial results for the three months ended March 31, 2009.
Key Financial Highlights of Q1 2009
- Consolidated revenues down 24.0% y-o-y to $1,809.0 million due to local currency depreciation and seasonal factors
- Consolidated OIBDA(1) down 29.3% to $831.5 million y-o-y with 46.0% OIBDA margin due to currency depreciation and investments in mono-brand retail network
- Consolidated net loss of $57.7 million due to $462.4 non-cash FOREX losses through US GAAP translation of US dollar-denominated debt
Key Corporate and Industry Highlights
- Acquisition of mobile retailer Telefon.Ru
- Agreement with management team affiliated with Svyaznoy, the leading Russian mobile phone retailer, to oversee MTS distribution network
- Launch of 3G in Armenia
- Acquisition of mobile retailer Eldorado
- Placement of a 15 billion ruble bond
- Placement of new syndicated loan facility to restructure $630 million loan due in Q2 2009
- Announcement of recommended dividend payment for FY 2008 of RUB 39.40 billion ($1.16 billion) or RUB 20.15 per ordinary share ($2.96 per ADR(2)) that comes to 60% of US GAAP net income
Additional Developments
- MTS continues to see sustained macroeconomic volatility in its markets of operations that may impact the financial and operational performance throughout the Group.
Commentary
Mr. Mikhail Shamolin, President and CEO of MTS, commented: "In spite of the volatile macroeconomic situation in Russia and the CIS, MTS demonstrated year-over-year revenue growth in national currencies in all of its markets of operation with the exception of Ukraine, where growth dynamics were inline with the market's overall performance. The changes in the foreign exchange rates impacted our US dollar-denominated results that led to a decline in the Company's main US dollar-based financial indicators, however, the stable financial position of MTS allows us to continue to execute on our business development strategy." Mr. Shamolin added, "Despite the slight impact on our operating margins, investments in our next-generation network infrastructure and proprietary distribution provide MTS with a solid foundation for future growth. The financial standing of the company remains our priority as our strong balance sheet allows us to attract additional financing, including our recent syndicate loan and ruble bond placements, and provides possibilities to create additional shareholder value, such as our recommended payout of 60% of net income as a shareholder return for 2008."
For further operational information and full consolidated unaudited financial statements, please visit http://www.mtsgsm.com/news/reports/
***
Mobile TeleSystems OJSC ("MTS") is the largest mobile phone operator in Russia and the CIS. Together with its subsidiaries, the Company services over 93.03 million subscribers. The regions of Russia, as well as Armenia, Belarus, Turkmenistan, Ukraine, and Uzbekistan, in which MTS and its associates and subsidiaries are licensed to provide GSM services, have a total population of more than 230 million. Since June 2000, MTS' Level 3 ADRs have been listed on the New York Stock Exchange (ticker symbol MBT). Additional information about MTS can be found on MTS' website at http://www.mtsgsm.com/.
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