BELARUS NEWS AND ANALYSIS
DATE:
06/04/2011
MTS Eyes 10% Growth
Mobile TeleSystems expects revenue to grow 10 percent in 2011, the company said in a statement Tuesday.
MTS reported lower-than-forecast earnings and margins for the final quarter of 2010. Fourth-quarter net profit was $156.3 million, hit by a $137.8 million write-off related to the suspension of operations in Turkmenistan. Full-year sales grew 14.5 percent to reach $11.3 billion.
Vice president Oleg Raspopov said MTS was in talks with Belarus to buy the government's controlling stake in a local joint venture.
Belarus had proposed that MTS buy the 51 percent stake for $1 billion, President Alexander Lukashenko said last month.
Source:
http://www.themoscowtimes.com/business/article/mts-eyes-10-growth/434582.html
blog comments powered by Disqus
Archive
Subscribe Daily Newsletter:
