MOSCOW Feb 4 Russia's biggest mobile phone
operator MTS said on Tuesday its sales growth could slow
in the next three years as economic slowdown in the country may
affect consumer demand.
The company expects sales to rise by 3-5 percent a year in
2014-2016, compared to a targeted growth of around 5 percent in
2013, chief executive officer Andrei Dubovskov told reporters.
MTS cited a possible fall of revenues from voice calls amid
a broader decline in economic activity and lower roaming
revenues as cash-strapped consumers are expected to travel less.
It also said sales of smartphones could fall as incomes are
expected to decline and the cost of consumer credit may rise.