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Mobile Telesystems Ojsc (MBT)

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Last Post: 10/15/2016 11:28:40 PM - Followers: 3 - Board type: Free - Posts Today: 0



MOSCOW, Russian Federation, May 22 /PRNewswire-FirstCall/ -- Mobile TeleSystems OJSC (NYSE:MBT), today announces its consolidated US GAAP financial results for the three months ended March 31, 2009.

Key Financial Highlights of Q1 2009

- Consolidated revenues down 24.0% y-o-y to $1,809.0 million due to local currency depreciation and seasonal factors

- Consolidated OIBDA(1) down 29.3% to $831.5 million y-o-y with 46.0% OIBDA margin due to currency depreciation and investments in mono-brand retail network

- Consolidated net loss of $57.7 million due to $462.4 non-cash FOREX losses through US GAAP translation of US dollar-denominated debt

Key Corporate and Industry Highlights

- Acquisition of mobile retailer Telefon.Ru

- Agreement with management team affiliated with Svyaznoy, the leading Russian mobile phone retailer, to oversee MTS distribution network

- Launch of 3G in Armenia

- Acquisition of mobile retailer Eldorado

- Placement of a 15 billion ruble bond

- Placement of new syndicated loan facility to restructure $630 million loan due in Q2 2009

- Announcement of recommended dividend payment for FY 2008 of RUB 39.40 billion ($1.16 billion) or RUB 20.15 per ordinary share ($2.96 per ADR(2)) that comes to 60% of US GAAP net income

Additional Developments

- MTS continues to see sustained macroeconomic volatility in its markets of operations that may impact the financial and operational performance throughout the Group.


Mr. Mikhail Shamolin, President and CEO of MTS, commented: "In spite of the volatile macroeconomic situation in Russia and the CIS, MTS demonstrated year-over-year revenue growth in national currencies in all of its markets of operation with the exception of Ukraine, where growth dynamics were inline with the market's overall performance. The changes in the foreign exchange rates impacted our US dollar-denominated results that led to a decline in the Company's main US dollar-based financial indicators, however, the stable financial position of MTS allows us to continue to execute on our business development strategy." Mr. Shamolin added, "Despite the slight impact on our operating margins, investments in our next-generation network infrastructure and proprietary distribution provide MTS with a solid foundation for future growth. The financial standing of the company remains our priority as our strong balance sheet allows us to attract additional financing, including our recent syndicate loan and ruble bond placements, and provides possibilities to create additional shareholder value, such as our recommended payout of 60% of net income as a shareholder return for 2008."


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#54   Dam, I was last person to flip this. T695 10/15/16 11:28:40 PM
#53   MBT ready to make another rub T695 02/25/16 01:37:04 PM
#52   Sold MBT today after a nice run, so T695 01/28/16 04:14:56 PM
#51   Gapping up nicely pre market T695 01/28/16 09:13:54 AM
#50   This could see $7 tomorrow T695 01/27/16 08:53:44 PM
#49   $6.53 resistance gone T695 01/27/16 04:10:46 PM
#48   Nice follow up day. MBT looking good T695 01/27/16 10:02:13 AM
#47   $6.17 resistance gone T695 01/26/16 12:02:46 PM
#46   Check out this chart and the Nasdaq, it's T695 01/26/16 11:21:51 AM
#45   This one exactly follows the russian ruble and Lucullus 01/26/16 11:09:22 AM
#44   Could see some nice gains today T695 01/26/16 10:17:55 AM
#43   I see this being chased up tomorrow, i T695 01/24/16 11:03:08 PM
#42   Balance sheet looks good, chart looks great, peg T695 01/23/16 05:30:08 PM
#41   MBT is a good company with solid financials Lucullus 01/23/16 02:42:02 PM
#40   MBT look like its due for a nice T695 01/23/16 02:06:59 AM
#39   MBT looking good for a nice bounce today T695 01/22/16 09:53:00 AM
#38   Back on watch for another bounce play T695 01/20/16 07:12:45 AM
#37   I'm thinking of investing $5000 in this company. My face 01/08/16 11:05:52 AM
#36   This one had a very nice run over Lucullus 11/21/15 04:04:07 AM
#35   Gapping up nice here in the pre market T695 01/08/15 09:07:57 AM
#34   This looking good for tomorrow T695 01/05/15 11:13:54 PM
#33   This look like its ready for a nice bounce T695 12/17/14 09:23:20 AM
#32   15.54 marcusanimal 03/03/14 11:21:38 AM
#31   21.63 Any guesses as to this marcusanimal 01/01/14 10:23:15 PM
#30   Russian May Mobile Phone Subs Up 2.3 Million VIDAO 06/17/09 03:23:51 PM
#29   MTS and Nokia Enter Strategic Partnership VIDAO 06/14/09 09:50:54 PM
#28   Critical Alerts for T, FITB, M, PCU, and VIDAO 06/14/09 09:50:19 PM
#27   GUYS up 6% again today!!!!!!!!!! VIDAO 06/01/09 03:47:15 PM
#26   MBT is making the portfolio look DANG GOOD!! VIDAO 05/30/09 02:25:56 PM
#25   Up another 7% on friday. Dang, no one VIDAO 05/30/09 02:25:32 PM
#24   Guys you are missing out up 18% in VIDAO 05/28/09 04:28:53 PM
#23   Up as high as 38.09, lts a gradual VIDAO 05/27/09 03:08:07 PM
#22   FORM 6-K VIDAO 05/26/09 09:35:55 PM
#21   Slight pull back right now but it'll come VIDAO 05/26/09 02:00:30 PM
#20   We should see some good gains this week imo VIDAO 05/25/09 03:55:01 PM
#8   Announcement of recommended dividend payment for FY 2008 VIDAO 05/23/09 12:46:39 AM
#5   Closed up 10%, You gotta love how green VIDAO 05/23/09 12:43:55 AM
#4   MTS Board Recommends 2008 Dividend Of RUB20.15 A Share VIDAO 05/22/09 03:23:18 PM
#3   This 10% gain sure does make the td VIDAO 05/22/09 02:24:49 PM
#2   Up 10% today folks! VIDAO 05/22/09 02:11:58 PM
#1   Mobile TeleSystems Announces Financial Results for the First VIDAO 05/22/09 02:11:25 PM