0
Wireless

MTS raises FY revenue outlook after 12% growth in Q3

Wednesday 21 November 2018 | 10:35 CET | News
Revenues of the Russia and CIS mobile operator MTS grew by 11.7 percent to RUB 128.0 billion in the third quarter, led by 12 percent growth to RUB 119.1 billion in Russia after the company took over MTS Bank. Adjusted OIBDA reached RUB 59.3 billion, up by 21.6 percent, and the figure grew by 19.3 percent in Russia to RUB 55.5 billion. The company generated a net loss of RUB 37 billion for the quarter, against a net profit at RUB 18.0 billion in the year-earlier period, due to one-off provisions.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: MTS
Countries: Russian Federation
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

MTS gets upgrade in credit ratings outlook

Published 16 May 2019 14:06 CET | Russian Federation
Russian mobile operator MTS announced that the credit rating agencies Fitch Ratings and Standard & Poor's have upgraded their ...

MTS grows Q4 revenues 11%, sees slower growth in 2019

Published 20 Mar 2019 09:35 CET | Russian Federation
MTS Group grew revenues 11.3 percent year-on-year to RUB 130.1 billion in the fourth quarter of 2018. Revenues generated in ...

MTS agrees to pay USD 850 mln to settle Uzbekistan bribery charges

Published 07 Mar 2019 09:36 CET | Uzbekistan
Russian operator MTS has agreed to pay USD 850 million to settle a case brought by the US over alleged bribery in obtaining ...

Sistema grows revenues 14% in Q3

Published 28 Nov 2018 16:05 CET | Russian Federation
Russian telecommunications holding company Sistema announced that its revenues grew by 13.9 percent year-on-year in the third ...

Last week in telecoms: Altice and KCom weak on Q3 results, Italy in focus

Published 26 Nov 2018 07:00 CET | Europe
Week 47 left two heavy casualties, British operator KCom and Altice Europe. Italian microcap Tiscali was the week's winner. ...

VivaCell-MTS revenues down 2.3%

Published 21 Nov 2018 11:22 CET | Armenia
Revenues of the mobile operator VivaCell-MTS, controlled by the MTS Group, totaled AMD 15.0 billion in the third quarter of this ...

Vodafone Ukraine revenues up 13% in Q3

Published 21 Nov 2018 11:20 CET | Ukraine
Revenues of the mobile operator Vodafone Ukraine, controlled by the MTS Group, totaled UAH 3.3 billion in the third quarter, up ...

MTS reports jump in smartphone sales in Q3

Published 26 Oct 2018 11:58 CET | Russian Federation
Russian mobile operator MTS announced that smartphone revenues grew by 52.4 percent in its shops in the third quarter of this ...

MTS shareholders approve RUB 5.2 bln in dividends for H1

Published 02 Oct 2018 14:59 CET | Russian Federation
Shareholders of Russian and CIS mobile operator MTS have approved a proposal to pay RUB 5.196 billion in interim dividends for ...

MTS revenue rises 7% in Q2, subscriber base steady

Published 22 Aug 2018 10:16 CET | Russian Federation
Revenues of Russian and CIS mobile operator MTS totaled RUB 114.3 billion in the second quarter of this year, up by 7.0 percent ...

MTS to acquire stake in MTS Bank - report

Published 20 Aug 2018 13:18 CET | Russian Federation
Russian mobile operator MTS plans to acquire a 43.24 percent stake in MTS Bank, reports Kommersant, citing sources. The stake is ...

Sistema reduces stake in MTS Bank

Published 06 Jul 2018 14:51 CET | Russian Federation
Russian telecommunications holding company Sistema has sold a 28.63 percent stake in MTS Bank, one of the 50 largest banks in ...