Tue, Aug. 18, 11:05 AM
- After declining a bit in early trading, Russian carrier Mobile TeleSystems (NYSE:MBT) has reclaimed the flat line after Q2 revenues fell short and profit dropped by about 22% Y/Y.
- Higher overall expenses crimped results, in particular a 30% rise in the cost of handsets even as the company slashed its own prices to attract consumers. Adjusted OIBDA fell to RUB 42.7B and OIBDA margin was 41.6%.
- Mobile service revenue in Russia rose 2.8% to RUB 72.7B; data traffic revenue in Russia was up 23.4%, to RUB 18.9B. Handset sales were up 26.7%, to RUB 7.6B.
- The company's guiding to full-year capex of RUB 92B, for planned investments in Ukraine 3G.
- Press Release
Tue, Aug. 18, 8:05 AM
Tue, May 19, 11:35 AM
- Mobile TeleSystems (NYSE:MBT) has slipped 3.6% following an earnings report where profits declined about 14%, to 10.9B rubles, after taking a 3.5B-ruble loss on revaluation of foreign debt (more common among Russian companies this year). The earnings mildly beat expectations.
- Service revenue in Russia grew 3.6% Y/Y to 90.4B rubles, with 70.5B rubles of that in mobile (up 3.9%). Smartphone penetration reached 43.5% among active subs.
- The company said its 2014 results would allow its largest-ever dividend, recommending approval at its June 25 annual meeting of 19.56 rubles/share (40.4B rubles total).
- The company did confirm a full-year target of at least 2% sales growth and an OIBDA margin of at least 40%.
- Press Release
Tue, May 19, 8:12 AM
Tue, Mar. 17, 9:00 AM
- The ruble's slide isn't sparing top Russian telecom Mobile TeleSystems (NYSE:MBT), as its Q4 profits slid nearly 92% in Q4.
- Group revenues of 107.2B rubles were still up 2.3% and beat an expected 105.8B rubles. Regionally the company saw strength in Russia (revenue up 4.1%) and Turkmenistan but still is experiencing "sustained weakness" in Ukraine amid political unrest.
- MTS also says it's taking a 5.1B ruble loss on a deposit at Ukraine's Delta Bank, which was declared insolvent March 3.
- The company has opened a (non-revolving) line of credit with Sberbank for 50B rubles.
- For 2015, MTS says group revenue may increase more than 2% while OIBDA margin will be greater than 40%. Capex expected will be about 85B rubles.
- Press release
Tue, Mar. 17, 8:17 AM
Wed, Feb. 25, 8:26 AM
- VimpelCom's (NASDAQ:VIP) Q4 revenue came in slightly to the upside of expectations at $4.39B, but the firm was hit by currency headwinds in posting a net loss of $0.53/share and a net loss of $691M for the year.
- EBITDA off $1.6B was about 7% off of expectations and down organically 8%.
- "We expect the operating environment to remain difficult in 2015, however I am confident that we have the right strategy to deliver on our targets," says CEO Jo Lunder.
- Facing the effects on the ruble and Ukraine's hryvnia, the firm will switch to negotiating vendor contracts in dollars.
- For 2015, the company expects service revenue to be anywhere from flat to a low-single-digit organic decline, and EBITDA flat to -1%. EPS is expected to come in at $0.35-$0.40.
- VimpelCom had announced an agreement with MTS (NYSE:MBT) to jointly plan, develop and operate 4G/LTE networks in Russia over the next few years.
- Press release
Nov. 25, 2014, 7:11 AM
Aug. 20, 2014, 7:20 AM
Mar. 18, 2014, 7:06 AM
Nov. 19, 2013, 6:40 AM
Aug. 20, 2013, 8:35 AM
Mar. 19, 2013, 7:09 AM
Nov. 14, 2012, 6:56 AM
MBT vs. ETF Alternatives
Mobile Telesystems PJSCprovides telecommunications services including voice and data transmission,internet access, pay TV, various value added services through wireless and fixed lines and sells equipment and accessories.
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