MOSCOW, November 14, 2017 /PRNewswire/ --
MTS PJSC ("MTS" - NYSE: MBT; MOEX: MTSS), the leading
telecommunications provider in Russia and the CIS, today announces its
unaudited IFRS financial results for the three months ended
September 30, 2017.
Andrei Dubovskov, President and Chief Executive Officer,
commented on the results:
"We are pleased to report another strong set of results for MTS.
For the period, Group revenue increased 2.1% year-over-year to
RUB 114.6 bln as a sustained
improvement in business and consumer sentiment has allowed us to
monetize the strong growth in voice and data usage in Russia despite a slight year-over-year decline
in subscribers. We saw a positive contribution from our
Ukraine subsidiary, where growth
is also fueled by increased data adoption. Our strong growth in
profitability derives from increased usage of higher-value data
products in Russia, including
increased international roaming activity, in addition to our
efforts to optimize retail operations. For the period, we realized
gains from both a small reduction in retail outlets, dating from
the beginning of the year, as well as a slight reduction in
SIM-card sales.
We have been active in the digital space by expanding into
areas, which complement our core offerings. We acquired LiteBox, a
dynamic provider of online cash register services, to enhance our
payments ecosystem and expand our B2B platform for merchants and
other business customers. We also acquired a stake in Sistema
Capital Management to enrich our financial service portfolio. We
launched a Big-Data-as-a-Service (BDaaS) product, introduced a new
app MTS Taxi and improved our interactive TV service offering with
the goal of providing customers with broader and better services.
We also signed a milestone agreement with Ericsson to prepare MTS'
network for 5G services over the next few years.
Given our strong 9M performance, we feel we can amend our
guidance to reflect our improving market position. For Group
Revenue, we are narrowing our outlook from -2/+2% growth to 0/+2%
growth. For Adjusted OIBDA, we are confident that we can raise
guidance from >4% to >5% in spite of developments in
Turkmenistan, which have
negatively impacted both Group revenue and Adjusted OIBDA."
The full text of the release could be found at the Company's
website http://www.mtsgsm.com/resources/reports/
Contact: Joshua B. Tulgan,
Director, Corporate Finance & Investor Relations, Mobile
TeleSystems PJSC, Tel: +7-495-223-2025, E-mail: ir@mts.ru
SOURCE Mobile TeleSystems