Country for PR: United Kingdom
Contributor: PR Newswire Europe
Wednesday, November 15 2017 - 02:31
MTS Announces Financial Results for the Third Quarter Ended September 30, 2017
MOSCOW, Nov. 15, 2017 /PRNewswire-AsiaNet/ --

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 

"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

Contact: Joshua B. Tulgan, Director, Corporate Finance & Investor Relations, 
Mobile TeleSystems PJSC, Tel: +7-495-223-2025, E-mail:

Source: Mobile TeleSystems