Mobile TeleSystems (MBT) Q2 2012 Earnings Call August 28, 2012 10:00 AM ET Executives 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 Analysts 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 PresentationUnidentified 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 www.mtsgsm.com or that of the US SEC at www.sec.gov. 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.