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Wireless

MTS revenues slip 1% in Q1

Wednesday 24 May 2017 | 13:38 CET | News
The revenues of Russian and CIS operator MTS in the first quarter slid by 1.1 percent year-on-year to RUB 104.7 billion. The company attributed part of the decrease to the effect of a leap year in 2016, without which revenue would largely be flat. However, voice and data usage growth in Russia, coupled with slightly higher handset sales, supported revenue growth in this key market. This offset the negative effect of the strengthening Russian ruble in relation to group currencies as the contribution from foreign subsidiaries overall weakened. Revenues in Russia grew by 0.9 percent to RUB 97.1

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Categories: Mobile & Wireless
Companies: MTS
Countries: Russian Federation
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