Key Developments: Mobile TeleSystems OAO (MBT.N)

MBT.N on New York Stock Exchange

10 Jul 2014
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Latest Key Developments (Source: Significant Developments)

Moody's assigns Baa3 issuer rating to Mobile TeleSystems OAO
Thursday, 3 Jul 2014 05:29am EDT 

Mobile TeleSystems OAO:Moody's Investors Service has assigned a senior unsecured issuer rating of Baa3 to Mobile TeleSystems OJSC (MTS) with a stable outlook.As a result of assignment of an investment-grade rating, Moody's has simultaneously withdrawn the company's corporate family rating (CFR) and probability of default rating (PDR).The stable outlook reflects Moody's expectation that MTS' financial metrics will remain commensurate with its guidance for the Baa3 rating on a sustainable basis, while MTS will maintain its market position, high margins, long-term debt maturity profile and adequate liquidity.  Full Article

Mobile TeleSystems OAO to replace Surgutneftegaz OAO at MICEX10 index
Tuesday, 1 Jul 2014 10:15am EDT 

Mobile TeleSystems OAO:Moscow Exchange says that ordinary shares of Mobile TeleSystems OAO will be added to the MICEX10 Index after its quarterly review and preferred shares of Surgutneftegaz OAO will be excluded from the index list.The new constituent list will come into force on July 2.  Full Article

Mobile TeleSystems OAO confirms FY 2014 guidance-Reuters
Tuesday, 27 May 2014 03:33am EDT 

Mobile TeleSystems OAO:Confirms full-year 2014 targets as first-quarter revenues and core profit grew ahead of the guided range but does not rule out a revision later because of economic volatility and currency depreciation in Russia and Ukraine, its key markets-Reuters.MTS reported a net profit of 13 billion Russian rubles ($380 million) for the first three months of 2014 compared with 12.96 billion a year ago, while analysts had on average expected a profit of 13.5 billion rubles.Revenues rose 5.1 percent to 97.6 billion rubles, above the average forecast of 97 billion in a Reuters poll and just ahead of the company's 3-5 percent target.Its Russian mobile revenues rose 7.2 percent, year-on-year, helped by growing data traffic while in Ukraine its revenues edged up 1.4 percent, MTS said in a statement.MTS also said its operating income before depreciation and amortization (OIBDA) grew 5.3 percent to 41.5 billion rubles, above the 41.2 billion poll figure and the company's guidance for 2 percent growth in 2014 as a whole.The company's chief executive Andrei Dubovskov told Reuters that he did not see any serious risk to MTS's business from Russia's economic slowdown or from Western sanctions imposed on Moscow over the Ukraine crisis.  Full Article

Mobile TeleSystems OAO plans reorganization
Sunday, 18 May 2014 08:00pm EDT 

Mobile TeleSystems OAO:Recommends to approve the reorganization of MTS through the takeover of Elf CJSC, EFCOM CJSC, Pilot CJSC, TVKiK CJSC, ZhelGorTeleCom CJSC, Intercom CJSC, TRK TVT OJSC, Kaskad-TV CJSC, Kuznetsktelemost CJSC, Sistema Telecom CJSC, and TZ CJSC.The board decided that owners of MTS ordinary shares voting against this issue or those who abstain from voting will be eligible for share repurchase at the price of 208 Russian rubles per ordinary share.The AGM will be held on June 24.  Full Article

Mobil'nye TeleSistemy OAO increases stake in Teleservice
Thursday, 15 May 2014 08:00pm EDT 

Mobil'nye TeleSistemy OAO:Acquires a 35.59 percent stake in Teleservice OJSC (Teleservice), broadband and Pay-TV provider in Voronezh, from a private investor.Upon completion of the transaction, MTS Group’s stake in Teleservice will increase up to 89.88 percent.  Full Article

FAS allows Mobil'nye TeleSistemy OAO to acquire stake in Teleservis OAO-AK&M
Tuesday, 6 May 2014 08:00pm EDT 

Mobil'nye TeleSistemy OAO:The Federal Anti-Monopoly Service of Russia (FAS) has approved Mobil'nye TeleSistemy OAO's motion to acquire a 45.71 percent in Teleservis OAO-AK&M.  Full Article

Aktsionernaya Finansovaya Korporatsiya Sistema OAO and Mobil'nye TeleSistemy OAO invest in OZON
Tuesday, 29 Apr 2014 08:00am EDT 

Aktsionernaya Finansovaya Korporatsiya Sistema OAO:Signs binding agreements to participate in a private placement of OZON Holdings Limited (OZON).The closing of the transaction was completed upon signing.Under the agreement, Sistema has acquired a 10.8 pct stake for $75 million in OZON.Mobil'nye TeleSistemy OAO (MTS), Sistema's telecoms subsidiary, has also acquired a 10.8 pct stake at the same valuation.As a result, two representatives from Sistema and MTS are expected to join OZON`s Board of Directors.OZON owns five e-commerce companies in Russia.  Full Article

Mobil'nye TeleSistemy OAO receives 20 billion Russian rubles credit line from Sberbank Rossii OAO-Interfax
Friday, 25 Apr 2014 07:50am EDT 

Mobil'nye TeleSistemy OAO:On April 11, the company has signed a loan agreement with Sberbank Rossii OAO-Interfax.According to the agreement, the bank has provided Mobil'nye TeleSistemy OAO with a non-revolving credit line in the amount of 20 billion Russian rubles under at 9.96 pct per annum.The repayment period of the loan ends on July 2015.  Full Article

Mobil'nye TeleSistemy OAO recommends FY 2013 dividend payment
Sunday, 13 Apr 2014 08:00pm EDT 

Mobil'nye TeleSistemy OAO:Recommends distributing for the fiscal year 2013 a dividend of 18.60 Russian rubles per ordinary share or 37.2 rubles per ADR, totaling to 38.44 billion rubles.Proposes setting record date for July 7.  Full Article

Court upholds ruling canceling fine on Mobil'nye TeleSistemy OAO for concealing personal data-Interfax
Thursday, 13 Mar 2014 12:27am EDT 

Mobil'nye TeleSistemy OAO:Federal Arbitration Court of Moscow region has upheld the ruling of Ninth Arbitration Court of Appeals, which canceled a 500,000 Russian ruble fine imposed on Mobil'nye TeleSistemy OAO (MTS) for not providing personal data of an unnamed user to the financial market regulator-Interfax.In Oct. 2013 Ninth Arbitration Court of Appeals sided with MTS seeking to recognize a fine imposed by the Federal Service for Financial Markets, which is now the central bank’s service for financial markets, illicit.The financial market regulator asked MTS to provide the IMEI (international mobile equipment identity) and a detailed list of calls and accounts of one of the operator’s users.Defending its position MTS relied on article 23 of constitution on protecting privacy, personal privacy and secrecy "of correspondence, telephone conversations, postal, telegraph and other messages".According to the article of the constitution, "the restriction of this right shall be allowed only on the basis of court order".  Full Article

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