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Mobile TeleSystems CEO Discusses Q2 2012 Results - Earnings Call Transcript

Our fixed line business remains stable year-over-year both residential and corporate ARPUs sales slightly due to increased competition and the addition of lower value customers also added roughly 50,000 new subscribers. We remain focused on network improvement both in Moscow and the regions. The work being done to upgrade to full fiber in our networks, we are confident that better networks will all last to further grow this business and increase customer value.

In Ukraine, revenue growth continued at 7% year-over-year to nearly 2.4 billion US. Handsets in the market continues to favor us as we saw definite year-over-year growth in ARPU, MOU, and data traffic. We also were able to benefit for the euro 2012 through higher (inaudible) overall contribution from (inaudible). Data traffic grew 9% year-over-year which is strong given the fact that there is no 3G yet in the market. in Armenia, revenue increased by 2% year-over-year to 19.1 billion. The market continued to trend towards stable as we improved churn and subscribers increased their calling and data usage.

In Uzbekistan, we did recognize the full quarter of revenue and OIBDA as we witness separation of impact of our district with regulatory authorities only in the third quarter. Operationally realized a strong quarter of revenue increased 22% year-over-year. as four further in Uzbekistan, I will speak to this topic later.

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