Mobile TeleSystems PJSC ADR MBT
Q1 2013 Earnings Call Transcript

Transcript Call Date 06/07/2013

Operator: Good day and welcome to the Mobile TeleSystems' First Quarter 2013 Financial and Operating Results Conference Call. Today's conference is being recorded.

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

Joshua B. Tulgan - Director IR: Ladies and gentlemen welcome to MTS' conference call to discuss the Company's first quarter 2013 financial and operating results. Before beginning our discussion, I would like to remind everyone that except 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; financial indicators such as operating income before depreciation and amortization average revenue per user, cash flow projections and/or debt instruments and our 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; technical matters as they pertain to our communications networks, including equipment, licensing our network technologies; activities and lines of business that complements our communications networks; capital expenditures and operating expenses and macroeconomic developments within our markets of operation. A comprehensive overview of these issues is available in MTS' Annual Report and Form 20-F, which is available on our website or through the U.S. SEC.

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, our Form 20-F, as well as other public filings made by the Company with 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 mentioned on this conference call or make any adjustments to previously made statements to reflect changes in risks. Copies of the presentations and materials cited 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 - CEO: Ladies and gentlemen, thank you for joining us on today's conference call to discuss the Company's financial and operating results for the first quarter 2013. As usual, joining me today are Alexey Kornya, Vice President, Chief Financial Officer; Vasyl Latsanych, Vice President, Chief Marketing Officer; and Michael Hecker, Vice President, Strategy and Corporate Development and M&A.

(As we only recently) reported at the last set of numbers and discussed our performance during 2012, we will provide a (clear cut view) of the results we achieved during the first three months of the year. One important remark before we jump into discussion of the results. Beginning this quarter, we have begun reporting our GAAP financial results in Russian rubles. As Russia-based revenue accounts for such high portion of our revenue, we believe that reporting in rubles better represents the true financial and operating dynamics of the group. We will continue to provide local currency financial and operating indicators for our operations outside Russia and relevant year's dollar currency rates in our materials which we post on our website.

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