Mobile TeleSystems
Telecommunications
Web-site: www.mtsgsm.com/
"Mobile TeleSystems ("MTS") is the leading telecommunications group in Russia, Eastern Europe and Central Asia, offering mobile and fixed voice, broadband, pay TV as well as content and entertainment services in one of the world's fastest growing regions. Including its subsidiaries, as of December 31, 2009, the Group serviced over 102.4 million mobile subscribers in Russia, Ukraine, Uzbekistan, Turkmenistan, Armenia and Belarus, a region that boasts a total population of more than 230 million. The Group’s fixed business, as of December 31, 2009, had a total of 7.5 million households passed, 1.3 million broadband Internet and 2.1 million pay-TV subscribers." (www.mtsgsm.com/about/)
Major shareholders: JSFC Sistema 52.8%; 46.7% of shares traded on NYSE.
Financial Results (U.S. GAAP 2010):
Revenue: $11.3 billion
Net profit: $1.38 billion
Headquarters: Moscow, Russian Federation
Sberbank whizzed past Mobile TeleSystems to become the strongest Russian brand in the world, according to an annual global brands ranking. The nation's largest bank was among the fastest risers on the list, jumping 25 spots to 74th place.
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Mobile TeleSystems is rolling out a service that will let its customers make purchases and check bank balances with a wave of their phones.
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Shortly before ending his term as prime minister, Vladimir Putin signed an order stating that cellular communications operators need to provide coverage along federal highways by the end of 2013.
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Cellular operator Mobile TeleSystems says it is returning to the isolated Central Asian nation of Turkmenistan almost 1 1/2 years after its operations in the country were suspended.
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Vladimir Yevtushenkov, who controls Russia's biggest mobile-phone operator, is struggling to strike deals with India and link his telecoms and energy empire with Asia's third-biggest economy.
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The list of location-based services — mobile applications that can inform you what businesses are close to your smartphone location, link you to discounts and connect you with nearby friends — got a new entrant Wednesday with the launch of Lokata, the Russian version of a successful European offering.
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