Mobile TeleSystems reported a 59 percent rise in quarterly profit, largely due to a currency gain, while revenue increased 3 percent.
MTS said Monday that it kept its top position in Russia's mobile-phone market with 69.38 million subscribers, a 0.8 percent drop from a year ago. MTS said first-quarter net profit rose to $512 million, helped by a $174 million currency gain. Revenues rose 3 percent to $3.01 billion.
MTS said it was keeping its...
... producer Bashneft.
Sistema's health-care operation Medsi is merging with the Moscow government's health-care assets, and the group is also restructuring its electricity business to focus on power grid operations.
The company, which counts Russia's biggest mobile-phone group MTS as part of its empire, still trades at a discount to its sum-of-the-parts valuation.
Shamolin said he would propose a buyback of about $300 million worth of shares at the group's board meeting in May. Sistema will then cancel the...
... months.
A deal agreed Wednesday between Yevtushenkov and Turkmenistan’s authoritarian President Gurbanguly Berdymukhammedov ends an acrimonious dispute that had tarnished the former Soviet nation’s image among international investors.
The mobile-phone sector in Turkmenistan was dealt a devastating blow in late 2010, when authorities pulled MTS’ license, leaving about 2.4 million subscribers without service.
That left government-owned Altyn Asyr as the only provider available to the...
... lead to a eurobond sale, three sources told Reuters on Wednesday.
"The size is not big, about $300 million to $400 million," one source said, adding that the company was looking at a 10-year maturity.
Sistema, which owns Russia's biggest mobile-phone operator MTS and midsized crude producer Bashneft, has mandated Deutsche Bank, Morgan Stanley and VTB Capital, another of the sources said.
Sistema, which has no eurobond issues outstanding and has 58.5 billion rubles ($2 billion) in four...
The Investigative Committee has opened an inquiry against self-exiled businessman Boris Berezovsky, who recently pledged a $1.5 million bounty for the arrest of Vladimir Putin.
Horror film "Chernobyl Diaries," with its ghostly tale of terror near the infamous, abandoned nuclear plant hits theaters after protests that it sensationalizes a disaster that had tragic human consequences.
Laos, a small nation dependent on aid and rice farming, wants to join the World Trade Organization. WTO powers including the United States, China and the European Union want it to.
The U.S. ambassador and the U.S. State Department said they were surprised by blistering criticism from the Foreign Ministry regarding comments McFaul made to students last week.
After global leaders conclude the annual Asia-Pacific Economic Cooperation forum in September, the purpose-built $2.3 billion conference center on a remote island off the coast of Vladivostok will become a university.
Boldness of the sort displayed by U.S. President Richard Nixon in opening discussions with China is needed now in the negotiations over Iran's nuclear program.
Ukraine may never recover all of the billions of dollars it has spent to co-host next month's European football championship, and the outlay might complicate its chances of servicing its debt.
A tabloid claims that Russian intelligence agencies are investigating the possibility that the U.S. military may have brought down the Sukhoi Superjet that crashed in Indonesia.
Sweden’s Loreen won the Eurovision Song Contest in Azerbaijan on Sunday before an international TV audience of 100 million, days after angering Azeri authorities by meeting rights activists critical of the host country’s human rights record.
Russia's group Buranovskiye Babushki has made it into the finals of the Eurovision Song Contest in Baku, Azerbaijan, bringing the elderly folk singers from a far-off Russian village to the attention of more than 100 million viewers around the world.
Ukraine's ruling party has triggered violent protests with a move to upgrade the official role of Russian, a sensitive issue opponents say will split the country.
Sergei Udaltsov and Alexei Navalny emerged from prison Thursday, while a dramatic standoff erupted at a State Duma hearing over a bill that would hike fines for illegal demonstrations.
Following the president's order to cut the number of officials entitled to use flashing lights to skirt through traffic, several incidents of alleged abuse involving high-profile figures have come to light.
As Moscow gears up to celebrate its victory in World War II, 67 years ago Wednesday, the shadow of political conflict shrouds the capital as hundreds of arrests cloud Victory Day festivities.
A stunning 121-megapixel snapshot of the Earth was taken by a Russian weather satellite in what is thought to be the highest resolution picture of the planet ever taken from space.
Search and rescue helicopters and volunteers struggling through thick forest and mountainous terrain spotted bodies but no survivors on the Indonesian mountainside where a Sukhoi Superjet 100 crashed by the time darkness forced an end to the search Thursday night.
A tabloid claims that Russian intelligence agencies are investigating the possibility that the U.S. military may have brought down the Sukhoi Superjet that crashed in Indonesia.
A 46-year-old furniture magnate was killed with six gunshot wounds to the head and chest early Sunday as he arrived in his Mercedes at his home in the Moscow region.
Three thrill-seekers who climbed two Vladivostok bridges earlier this week and took photos from the top were fined 300 rubles ($10) each for trespassing.
President Vladimir Putin on Monday announced the makeup of the new Cabinet answering to Putin and Prime Minister Dmitry Medvedev, with three-fourths of the members having been replaced.
A dark cloud was cast Wednesday on the revival of Russia’s aviation industry when a Sukhoi-built Superjet 100 with 50 people on board disappeared from the radar screens of Indonesian flight controllers.
On Monday, Vladimir Putin will take the presidential oath of office for the third time. After 12 years in power, Putin has increased his control over the country's major institutions, the siloviki and state bureaucracy.
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