MTS (network provider)

Mobile TeleSystems ( MTS) (Russian Мобильные ТелеСистемы (MTC ), ( Mobilnyje TeleSistemy (MTS ))) is the largest mobile operator in Russia and the rest of the CIS. He has over 100 million customers ( as of 2011).

History

Mobile TeleSystems was (47%) established in 1993 as a joint venture of the Moscow telephone company Moskovskaya Gorodskaja phone Well Set ( MGTS ), Russian Московская Городская Телефонная Сеть (53 %) and the German companies German Telekom and Siemens AG.

Between 2003 and 2005, the German Telekom sold your shares in MTS for an estimated € 3 billion as the official justification for the Group's required debt reduction was called. On September 14, 2007 Mobile TeleSystems acquired 80 % stake in VivaCell ( Armenia).

Shareholder

Mobile TeleSystems has been converted into a Russian joint stock company in 2000. MTS is listed on the New York Stock Exchange ( NYSE) and the Moscow Stock Exchange in the RTS index.

• 52.8 % - Sistema
• 46.7 % - Shareholders
• 0.5 % - Other shareholders

Company data

• Revenue 2006 = 1,492 million U.S. dollars
• EBIT earnings 2006 = 730 million U.S. dollars
• Earnings 2006 = 295 million U.S. dollars

Areas

MTS also has licenses in Belarus, Ukraine, Uzbekistan, Turkmenistan and Armenia.