- Sputnik International
World
Get the latest news from around the world, live coverage, off-beat stories, features and analysis.

MTS expects to post 20% rise in US GAAP earnings for 2006

Subscribe
MOSCOW, January 31 (RIA Novosti) - Mobile TeleSystems [RTS: MTSS] said Wednesday its US GAAP earnings are expected to rise 20%, year-on-year, in 2006.

Russia's leading mobile operator said its US GAAP earnings in 2005 totaled $5.011 billion.

The OIBDA (operating income before depreciation and amortization) margin was an estimated 50%, and capital investment totaled $1.8 billion in 2006, the company said.

MTS forecasts its US GAAP earnings to grow 15-17% in 2007, while the OIBDA margin is expected at 50% and capital investment at $1.8 billion in 2007, the company said.

MTS, Russia's largest mobile phone operator, whose shares are traded on the New York Stock Exchange and on off-exchange markets in Europe, has over 72.86 million customers in Russia, Ukraine, Belarus, Uzbekistan and Turkmenistan.

AFK Sistema, one of Russia's largest diversified corporations, owns a 52.8% share of the company.

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала