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Mobile Telesystems

When GSM wireless-services operator Mobile Telesystems was founded in 1993, mobile phones were a luxury practically unheard of in Russia. Even in 2000, when MTS celebrated its 1 million-subscriber milestone and became a joint-stock company listed on the New York Stock Exchange, just 2% of Russians owned cell phones. Today some 60% of Russians own them -- which explains why MTS, the leader with 34% of the market, is one of the fastest growing mobile-phone companies in the world.

A string of acquisitions have helped MTS expand from its Moscow base to the rest of Russia, as well as neighboring countries, including Ukraine, Belarus, and Uzbekistan. By mid-2005, MTS had more than 40 million subscribers, after recording 53% revenue growth in 2004.

Company Info

STOCK INFO MBT
Revenues* $3.9 BILLION
Revenue Growth 52.7%
Return on Equity 40.0%
Total Return20.4%
Profits* $1 BILLION
Industry TELECOM SERVICES
CORPORATE WEB SITE
All figures are for the most recent available 12 months.

* Latest available data for the 12-month period ended Dec. 31, Jan. 31, Feb. 29, Mar. 31, or Apr. 30. For companies that do not report quarterly, the most recent annual data were used.


Data provided by Standard & Poor's Compustat, BusinessWeek

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Company Snapshot

Mobile TeleSystems OJSC provides mobile cellular communications services in the Russian Federation and Ukraine. The company offers various services, including network access, automatic roaming, value-added services, and other services. Its network access services include mobile cellular voice, data, and facsimile communication services to subscribers on the basis of various tariff plans. Mobile TeleSystems offers tariff plans with and without monthly subscription fee. Its automatic roaming services let customers receive and make international, local, and long-distance calls while traveling. The company provides these services through individual agreements between the company and other GSM operators. As of December 31, 2003, it had roaming contracts with 298 GSM service providers in approximately 146 countries, including with regional operators in Russia. As of December 31, 2003, the company had 243 sales and customer service centers in Russia and 36 in Ukraine. The company was created in 2000 through the merger of Mobile TeleSystems CJSC and RTC CJSC. Mobile TeleSystems is headquartered in Moscow, Russia.

No. of Employees

NA


Data provided by Capital IQ
Vassily V.  Sidorov

Vassily V. Sidorov

Bio

Vassily V. Sidorov has been President and General Director of Mobile Telesystems OJSC since October 25, 2003 and serves as Chief Executive Officer. Mr. Sidorov has been a Director of Mobile TeleSystems OJSC in June 2004 and also served as one of Mobile TeleSystems OJSC's Directors from 2002 to August 2003. He was acting President of MTS since appointment of his predecessor Mikhail Smirnov on the post of General Director of Moscow City Telephone Network in September 2003.