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Saturday, April 19, 2014
News Making Money

MTS Raises Dividend Guidance and Affirms Growth in Core Markets at 2014 Investor Day

08/02/2014 17:10 (69 Day 21:40 minutes ago)

The FINANCIAL -- Mobile TeleSystems OJSC, one of the leading telecommunications providers in Russia and the CIS, announced its new 3D Strategy at its Investor Day 2014, which is being held in MOSCOW , according to Mobile TeleSystems OJSC.

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Data affirms the Company’s efforts to provide its customers with the fastest, most reliable mobile and fixed-line networks in the region. MTS has been the leader in the Russian market in promoting data use by its customers through the active build out of its 3G/LTE data networks and the use of its retail platform to migrate customers from feature to smartphones. Overall, MTS works to ensure that its customers have the best connectivity experience in their homes, workplaces and points in between.

Differentiation highlights the unique products and services MTS offers to its customers in to enhance their digital lifestyles. MTS is establishing MOSCOW as a world-class center for connectivity through its roll-out of GPON (Gigabit-capable Passive Optical Networks) in the region, which when completed will allow speeds of up to 1 Gb/s in every home or office in MOSCOW . In addition, MTS offers FTTB/FTTH solutions in over 180 cities throughout Russia. MTS customers also benefit from a best-in-class customer experience as evidenced by its market-leading churn rates and higher usage than on our competitors’ networks, according to Mobile TeleSystems OJSC.

Dividends confirm the Company’s commitment to continuous improvement in the operational efficiency of the Company and enhancement of shareholder returns. Through a prudent operational approach, stable investment programs and opportunistic debt management, MTS has been able to steadily improve cash flows and reduce its balance sheet obligations. This allows MTS to reaffirm its commitment to its long-term practice of paying out a significant portion of its free cash flow in the form of dividends to its shareholders.

 

 

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