MOSCOW, March 19 MTS, Russia's top
mobile phone operator, reported on Tuesday a 39 percent
year-on-year rise in fourth-quarter net profit to $547.3
million, beating market expectations.
The company also said it expects to pay more than $1 billion
in dividends on 2012 earnings if its board approves a new
dividend policy at a meeting at the end of April.
MTS, part of oil-to-telecoms conglomerate Sistema,
said in November it aimed to link dividend payments to free cash
flow. It currently bases dividends on net profit.