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Mobile TeleSystems Announces Financial Results For The Third Quarter Ended September 30, 2012

MOSCOW, November 14, 2012 /PRNewswire/ --

Mobile TeleSystems OJSC ("MTS" - NYSE: MBT), the leading telecommunications provider in Russia and the CIS, today announces its unaudited US GAAP financial results for the three months ended September 30, 2012.

Key Financial Highlights of Q3 2012
  • Consolidated revenues of $3,132 million stable q-o-q
  • Consolidated adjusted OIBDA [1] of $1,379 million stable q-o-q with 44.0% OIBDA margin
  • Consolidated net income [2] of $630 million
  • Free cash-flow [3] positive with $1.6 billion for the nine months ended September 30, 2012

Key Corporate and Industry Highlights
  • Obtained license and frequencies to provide LTE telecommunication services in Russia in the FDD (frequency division duplexing) standard
  • Announced the withdrawal of operating licenses of Uzdunrobita FE LLC ("MTS-Uzbekistan"), MTS's wholly owned subsidiary in Uzbekistan
  • Completed the dividend payment of RUB 14.71 per ordinary MTS for the 2011 fiscal year, amounting to a total of RUB 30.4 billion
  • Resumed operations in Turkmenistan
  • Repurchased the series 05 ruble-denominated bond in the amount of approximately RUB 13.2 billion and changed the bond's coupon rate from an annual rate of 14.25% to 8.75%
  • Launched MVNO LTE network in Kazan
  • Launched  Russia's first TDD (time division duplexing) LTE network in Moscow and the Moscow region
  • Acquired a 100% stake in Elf group of companies, a fixed broadband and pay-TV services provider in Belgorod and the Belgorod region, for RUB 220 million
  • Acquired a 100% stake in LLC "Intercom", a broadband and cable TV provider in the Mari El Republic, for RUB 90 million
  • Signed a non-binding indicative offer between MTS, MTS Bank and Sistema JSFC to purchase up to 25.095% stake in MTS Bank through a share issuance for up to RUB 5.09 billion
  • Pursuant to the decision of the appeals court of the Tashkent City Criminal Court the amount of penalties to be paid by MTS-Uzbekistan was determined at approximately $600 million and the previously arrested assets of MTS-Uzbekistan were unfrozen  


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