Mobile TeleSystems PJSC ADR MBT
Q3 2012 Earnings Call Transcript

Transcript Call Date 11/14/2012

Operator: Good day and welcome to Mobile TeleSystems' Third Quarter 2012 Financial and Operating Results Conference Call. Today's conference is being recorded.

At this time, I'd like to turn the conference over to your host today Mr. Joshua Tulgan. Please go ahead, sir.

Joshua B. Tulgan - Director, IR and Acting Director, Corporate Finance: Thank you. Welcome to MTS' conference call to discuss the Company's third quarter 2012 financial and operating results. Before beginning our discussion, I would like to remind everyone that expect for historical information, comments made during this call may constitute forward-looking statements which may involve certain risks.

These statements may relate to one of the following issues; the strategic development of MTS' business activities, both in Russia and abroad; revenue and/or subscriber growth; debt instruments and their usage; legal actions or proceedings directed at the Company or its representatives; regulatory developments and their impact on the Company's operations and the markets in which we operate; financial indicators, such as operating income before depreciation and amortization, average revenue per user and cash flow projections; technical matters as they pertain to our mobile communications networks, including equipment, licensing our network technologies; capital expenditures and operating expenses and macroeconomic developments within our markets of operation. A comprehensive overview of these issues is available in MTS' website, on Annual Report and Form 20-F, which is available on our website or through the U.S. Securities and Exchange Commission.

Important factors could cause the actual results to differ materially from those contained in our projections or forward-looking statements. These statements may include Company press releases, earnings presentations, MTS' Form 20-F, as well as other public filings made by the Company within the United States Securities and Exchange Commission, all of which are available on the Company website or that of the U.S. SEC at

MTS disavows any obligation to update any previously made forward-looking statements uttered on this conference call or make any adjustments to previously made statements to reflect changes in risks. Copies of the presentations and materials used and referenced in this conference call are available on our Company website.

I'll now turn the call over to Mr. Andrei Dubovskov, President and Chief Executive Officer of MTS.

Andrei Dubovskov - President and CEO: Ladies and gentlemen, thank you for joining us on today's conference call to discuss the Company's financial and operating results of the third quarter 2012. Joining me today are Alexey Kornya, Vice President, Chief Financial Officer; Aleksander Popovskiy, Vice President, Chief Operating Officer; Vasyl Latsanych, Vice President, Chief Marketing Officer; Oleg Raspopov, Vice President Foreign Subsidiaries and Michael Hecker, Vice President, Strategy and Corporate Development and M&A.

We are pleased to report another strong set of results for MTS Group for the period. Group revenue for the quarter was stable quarter-on-quarter at just over $3.1 billion in spite of a significant weakening of our core currencies versus the U.S. dollar. Group revenue was also weakened by the loss of Uzbekistan revenue due to the suspension of our operating license in July. Excluding Uzbekistan, Group revenue increased 3.9% quarter-on-quarter.

Read our Earnings Call Transcript disclaimer.
Add a Comment
E-mail me new replies.