Key Developments: Mobile TeleSystems OAO (MBT.N)

MBT.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

FAS allows Mobile TeleSystems OAO subsidiary to acquire SMARTS-Ufa ZAO-Interfax
Thursday, 4 Dec 2014 12:53am EST 

Mobile TeleSystems OAO:The Federal Anti-Monopoly Service of Russia (FAS) has granted permission for Telekom Povolzh'ye OOO, a wholly owned subsidiary of Mobile TeleSystems OAO, to acquire 100 pct in SMARTS-Ufa ZAO-Interfax.SMARTS-Ufa is a wholly owned subsidiary of Srednevolzhskaya mezhregional'naya assotsiatsiya radiotelekommunikatsionnykh sistem (SMARTS).SMARTS-Ufa did not disclose details of possible transaction, MTS also abstained from comment.  Full Article

Mobile TeleSystems OAO raises FY 2014 guidance
Tuesday, 25 Nov 2014 04:04am EST 

Mobile TeleSystems OAO:Increases group revenue guidance for 2014 from 1 pct to more than 2 pct.Increases 2014 OIBDA guidance increased from stable to about 1 pct.Reiterates 2014 group CAPEX guidance to about 90 billion Russian roubles.FY 2014 revenue of 407,616 million roubles - Thomson Reuters I/B/E/S.  Full Article

Mobile TeleSystems OAO receives financing from Sberbank
Sunday, 26 Oct 2014 08:00pm EDT 

Mobile TeleSystems OAO:Announces that it has signed an agreement with Sberbank of Russia to open a non-revolving line of credit for a total amount of 50 billion Russian rubles and has amended terms of an existing credit agreement in the amount of 20 billion rubles.The maturity of non-revolving line is Sep. 2021.The funds will be used for general corporate needs.It has also amended the terms of the credit agreement originally signed with Sberbank of Russia in April by extending the final maturity of the facility from July 2015 to Sep. 2017.  Full Article

Mobile TeleSystems OAO Ukrainian subsidiary sells equipment in Crimea-Interfax
Wednesday, 22 Oct 2014 10:02pm EDT 

Mobile TeleSystems OAO:MTS Ukraina, a wholly owned subsidiary of Mobile TeleSystems OAO, has sold its property in the Republic of Crimea for 17.7 million euros (including VAT)-Interfax.MTS Ukraina has sold administrative, IT and telecom equipment, as well as cars to two private investors.The company has no disclosed the buyers' names.MTS Ukraina has suspended its operations in Crimea as of Aug. 7.The company has gradually begun to turn off its networks in the peninsula after Russian K-Telekom OOO was launched on Aug. 4 on the frequencies which earlier belonged to MTS subsidiary.Later MTS Ukraina resumed providing services to Crimean subscribers on the basis of unilateral technical roaming with K-Telekom, on Oct. 1 however, the operator moved servicing its subscribers in Crimea to the roaming network of TriMob, a mobile subsidiary of Rinat Akhmetov's Ukrtelekom.MTS Ukraina press service told Interfax that it failed to reach an agreement on the conditions of work in Crimea with other operators, including Russian K-Telekom.  Full Article

Mobile TeleSystems OAO appeals fine in proceedings over numbers of Federation Council-Interfax
Sunday, 12 Oct 2014 10:02pm EDT 

Mobile TeleSystems OAO:MTS has filed a claim to the Arbitration Court of Moscow seeking to invalidate the decision of the Federal Anti-Monopoly Service of Russia (FAS) in the proceedings over the numbers of the Federation Council-Interfax.The preliminary hearing is scheduled for Nov. 10.Megafon and FGUP Tsentral'nyi nauchno-issledovatel'skiy institut svyazi (an operator of the transferred numbers' database) are third parties in the proceedings.FAS has ordered MTS to transfer to the budget part of the revenues received under the contract with the Federation Council, numbers of which it had not transferred to Megafon.MTS was declared as having violated article 14 of the law on protection of competition (unfair competition).FAS decided to impose a fine equal to the company's revenue from the contract at the date of the decision.Thus, the fine should amount to the value of MTS contract with the Federation Council for half a year.The contract is 21 million Russian rubles, thus the fine can exceed 10 million rubles.The dispute over the number of the Federation Council occurred when MTS had not transferred them to MNP Megafon, which has won the contract for servicing 700 subscribers of the upper house of parliament in 2014.  Full Article

Mobile TeleSystems OAO establishes JV with Uzbekistan-Interfax
Wednesday, 24 Sep 2014 10:02pm EDT 

Mobile TeleSystems OAO:Mobile TeleSystems OAO has established a joint venture with Uzbekistan, Universal Mobile Systems (UMS), the company said in a statement-Interfax.The new operator will launch commercial mobile network throughout Uzbekistan as of Dec. 1.According to the settlement agreement signed between MTS and Uzbekistan, the Russian company will get 50.01 percent in UMS, while GUP Tsentr radiosvyazi, radioveshchaniya i televideniya 49.99 percent.The JV will operate on the basis of infrastructure and equipment of former subsidiary of MTS, MTS Uzdunrobita.UMS has been granted 2G/3G/LTE licenses, frequencies and numbering capacity (2.5 million numbers).The parties will submit a joint application to discontinue ongoing legal proceedings in the International Center for Settlement of Investment Disputes, Member of the World Bank Group (ICSID).The settlement agreement is governed by English law and provides for resolution of any disputes arising out of the settlement agreement in the International Court of Arbitration under International Chamber of Commerce in Paris (ICC).  Full Article

Mobile TeleSystems OAO divests stake in Kompaniya ETEL ZAO
Tuesday, 23 Sep 2014 11:09am EDT 

Mobile TeleSystems OAO:Says that on Sep. 23 it divested its 51 percent stake in Kompaniya ETEL ZAO.  Full Article

Fitch puts Aktsionernaya Finansovaya Korporatsiya Sistema OAO, Mobile TeleSystems OAO, ANK Bashneft' OAO on rating watch negative
Thursday, 18 Sep 2014 07:28am EDT 

Aktsionernaya Finansovaya Korporatsiya Sistema OAO:Fitch Ratings has put the ratings of Aktsionernaya Finansovaya Korporatsiya Sistema OAO (Sistema) and its subsidiaries Mobile TeleSystems OAO (MTS), ANK Bashneft' OAO (Bashneft), and MTS Bank on rating watch negative (RWN).The rating actions follow charges being levied against Vladimir Evtushenkov, the majority shareholder and Chairman of the Board of Directors of Sistema, in connection with the legalization of shares of BashTEK group.Fitch believes the consequences may be negative for all the affected companies, but the likelihood of negative developments and the exact impact cannot be estimated at this stage.Sistema made a public announcement that its major shareholder and Chairman of its Board of Directors was charged with legalization of shares of BashTEK group.Sistema's management believes that the acquisition of BashTEK group was legal and transparent.  Full Article

Mobile TeleSystems OAO applies to FAS for acquisition of Svyaznoy-Interfax
Monday, 15 Sep 2014 11:22pm EDT 

Mobile TeleSystems OAO:The Federal Anti-Monopoly Service of Russia (FAS) is considering an application of Mobile TeleSystems OAO to acquire Gruppa kompaniy Svyaznoy ZAO (Svyaznoy), the agency said in a statement-Interfax.MTS also applied to acquire six subsidiaries of Svyaznoy, i.e. S-Klub, Svyaznoy logistika, Svyaznoy Strakhovaniye, Svyaznoy zagruzka, Mobil'nyi Telekommunikatsionnyi Servis and Explay.FAS has decided to prolong the time for considering the motion as it needs to obtain additional information.It was reported earlier that MTS can acquire a 49 percent stake in cellphone retailer Svyaznoy.  Full Article

Mobile TeleSystems OAO wants to buy out Rostelekom OAO stake in Teleservis-Interfax
Thursday, 4 Sep 2014 05:59am EDT 

Rostelekom OAO:On Sep. 10 the board of directors of Rostelekom OAO is to decide on the sale of Teleservis OAO's stake to its majority shareholder, Rostelekom said-Interfax.Rostelekom received an obligatory offer from Teleservis majority shareholder, representative of the company Valery Kostarev told Interfax.According to Kostarev, Rostelekom is consistently implementing policy for the sale of minority stakes, which do not give the opportunity to influence management decisions, as well as non-core assets.Rostelekom owns a 3.52 percent stake in Teleservis.The value of the stake is not being disclosed prior to the board decision.Teleservis' majority shareholder is Mobile TeleSystems OAO (MTS), which according to SPARK-Interfax database owns 89.88 percent shares in the company directly and through its wholly owned subsidiary JIR Broadcast Inc.MTS raised its stake in Teleservis by 35.6 percent in May as a result of a deal with one of the operator's previous shareholder.In May Federal Antimonopoly Service approved MTS motion to acquire 45.71 percent in Teleservis, allowing it to consolidate 100 percent of the company.  Full Article

Fitch Puts Sistema, MTS, Bashneft & MTS Bank on Rating Watch Negative

(The following statement was released by the rating agency) MOSCOW/LONDON, September 18 (Fitch) Fitch Ratings has put the ratings of Sistema Joint Stock Financial Corporation (Sistema) and its subsidiaries OJSC Mobile TeleSystems (MTS), Joint Stock Oil Company Bashneft (Bashneft), and OJSC MTS Bank (MTS Bank) on Rating Watch Negative (RWN). The rating actions follow charges being levied against Vladimir Evtushenkov, the majority shareholder and Chairman of the Board of Directors of Sistema,

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