Mobile TeleSystems (MBT) - NYSE
  • Mon, Apr. 11, 11:33 AM
    • Mobile TeleSystems (MBT +4.4%) board recommends dividend of RUB14.01/share or RUB28.02/ADR to shareholders on record of July 5.
    • The company under new dividend policy targets annual pay out of RUB25 - RUB26/share (RUB50 - RUB52/ADR) setting minimum target of RUB20/share or RUB40/ADR for 2016-2018.
    • The dividend will be paid on semi-annual basis.
    • The board is evaluating option of share repurchase to the tune of RUB30B to be spent over three years, subject to approval of board.
    | Mon, Apr. 11, 11:33 AM | 5 Comments
  • Mon, Jan. 4, 6:34 PM
    • In its look at telecoms in emerging markets, Renaissance Capital says video could bring new growth -- and the sector may be a place to target dividends.
    • "Telcos are jumping too late on the fast moving Internet train," the analysts write. "Video could be the ‘next big thing’ for mobile telcos and the step-up jump in usage (rather than a gradual shift) creates the possibility that this will translate into revenues."
    • That growth, though, is likely going to fall victim to competition in no more than 12 months, they say.
    • RenCap thinks the growth outlook is best in Turkey, as Russia and MENA face macro headwinds. In Turkey, the firm prefers Turk Telekom (OTC:TRKNY) to Turkcell (TKC -2.1%): “Ultimately a telecom (as with any other sector) is as good as its dividend stream is. On this metric we estimate [Turk Telekom] could be worth TRL5.8/share if all allowable earnings adjusted for availability of cash are paid out as dividends, and assuming the market would be happy with an 11.5% yield – 10.5% versus Turkish local bonds."
    • Meanwhile, in Russia the firm likes Mobile TeleSytems (MBT -2.8%) and Sistema over VimpelCom (NASDAQ:VIP), and it highlights MTN Group (OTCPK:MTNOY -1.4%) in South Africa, though noting that firm's huge Nigerian fine shows that developing countries present regulatory risk and "become inventive when it comes to enhancing state coffers.”
    | Mon, Jan. 4, 6:34 PM | 2 Comments
Company Description
Mobile TeleSystems PJSC provides a range of mobile and fixed line voice and data telecommunications services in Russia and the CIS. It operates through the Russia Convergent, Moscow Fixed Line, and Ukraine business segments. The Russia Convergent segment provides mobile and fixed-line voice and... More
Sector: Technology
Industry: Wireless Communications
Country: Russia