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Mobile TeleSystems CEO Discusses Q2 2012 Results - Earnings Call Transcript

Mobile TeleSystems (MBT)

Q2 2012 Earnings Call

August 28, 2012 10:00 AM ET


Andrei Dubovskov - President and CEO

Alexey Kornya - VP, CFO

Aleksander Popovskiy - VP, COO

Michael Hecker - VP, Strategy, Corporate Development and M&A

Oleg Raspopov - VP, Foreign Subsidiaries


JP Davids - Barclays

Cesar Tiron - Morgan Stanley

Alexander Vengranovich - Otkritie Capital

Herve Drouet - HSBC

Alex Balakhnin - Goldman Sachs

Tibor Bokor - ING Bank

Tatiana Boroditskaya - UBS

Ivan Kim - VTB Capital

Thomas Heath - Handelsbanken

Anna Lepetukhina - Troika Dialog

Igor Semenov - Deutsche Bank

Anna Kurbatova - Gazprombank


Unidentified Company Representative

Welcome to today's conference call to discuss the company's second quarter 2012 financial and operating results. Before beginning our discussion, I would like to remind everyone that except for historical information, comments made during this call may constitute forward-looking statements which may involve certain risks. These statements may relate to one of the following issues, the strategic development of MTS's business activities both in Russia and abroad, revenue and our subscriber growth, loan facilities and their usage, legal actions or proceedings directed against the company or its representatives, regulatory developments and their impact on the company's operations in markets in which we operate, financial indicators such as operating income before depreciation and amortization, average revenue per user, cash flow projects and/or return on invested capital, technical matters that they pertain to our mobile communications networks including equipment licensing our network technologies, capital expenditures and operating expenses and macro-economic developments within our markets of operation. A comprehensive overview of these issues is available in MTS's annual report and Form 20-F which is available on our website or to the US SEC.

Important factors could cause the actual results to differ materially from those contained in our projections or forward-looking statements. These statements may include company press releases, earnings presentations, MTS's Form 20-F as well as other public filings made by the company with the United States SEC, all of which are available on the company website or that of the US SEC at MTS disavows any obligation to update any previously made forward-looking statement uttered on this conference call or make any adjustments to previously made statements to reflect changes in risk. Copies of the presentations and materials used and referenced in this conference call are available on our company website.

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