Mobile TeleSystems OJSC ("MTS" - NYSE: MBT), the largest mobile phone operator in Russia and the CIS, announces its third quarter1 2007 financial and operating results.
Key financial highlights:
Consolidated revenues reached $2,216 mln
Consolidated OIBDA of $1,175 mln (OIBDA margin of 53.0%)
Consolidated net income of $655 mln
Free cash-flow positive with $1,009 mln for the nine months of 2007
Key corporate and industry Highlights
Launch of MTS brand in Ukraine
Entry into Armenia through acquisition of leading operator K-Telecom (VivaCell)
Allocation of 3G frequencies in Armenia
Launch of BlackBerry service in Ukraine
Moody's credit rating upgraded to Ba2 from Ba3; outlook positive
Awarded top TMT Investor Relations in Russia (Thomson/Extel Survey)
More information you can find in presentation or 3Q07 MTS report.
