Mobile TeleSystems
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| Type | Public (NYSE: MBT) |
|---|---|
| Founded | October 1993 |
| Headquarters |  Moscow, Russia |
| Key people | Mikhail Shamolin, President and CEO Vsevolod Rozanov, CFO |
| Industry | Mobile telecommunications |
| Products | Mobile networks |
| Revenue | ▲ $8.2 billion USD (2007) |
| Net income | ▲ $2.0 billion USD (2007) |
| Parent | JSFC Sistema |
| Website | www.mtsgsm.com |
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Mobile TeleSystems (Russian: ОАО «Мобильные ТелеСистемы») or MTS (RTS:MTSS MICEX:MTSI) is the largest mobile operator in Russia and CIS with over 89.64 million subscribers as of April 30, 2008.[1]. Not only does it lead in its domestic markets, but it was also ranked first in Western Europe in 4Q 2008 [2]
Having started in the Moscow license zone in 1994, МТS in 1997 received licenses for further areas, and began expansion, later entering other countries of the CIS. On October 31 2008, Vodafone announced a partnership deal with MTS, whereby Vodafone services will be available to MTS subscribers; some form of co-branding will follow, and both companies have noted the potential for more efficient purchasing.
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[edit] Operations
The MTS wireless network operates using the GSM standard. It currently holds licences to provide mobile services in 81 out of 83 regions in Russia and the entire territories of Armenia, Ukraine, Belarus, Uzbekistan and Turkmenistan.[3][4] MTS is currently the biggest mobile operator in Central and Eastern Europe.[5]
[edit] India
In 2008, Sistema formed 74:26 joint venture with India’s Shyam Group to form Sistema Shyam Teleservices (SSTL), and acquired pan-India license to provide CDMA services in the country. In March 2009, SSTL launched the MTS brand in state of Tamilnadu, followed by neighboring state Kerala and Kolkata in April and May respectively. [6]
Media reports suggest that Russian government was planning to buy a 20% stake in SSTL for about $700 million.
[edit] History
MTS was founded by Moscow City Telephone Network (Russian: Моско́вская Городска́я Телефо́нная Сеть - Moskovskaya Gorodskaya Telefonnaya Set'), Deutsсhe Telekom, Siemens AG and still several shareholders as the closed joint-stock company in October, 1993. Four Russian companies owned 53% of the stock, whereas two German companies had 47%. At the end of 1996 JSFC Sistema (Russian: АФК "Систе́ма" - AFK Sistema) has got a stock pack from the Russian holders of stocks, and DeTeMobil has redeemed stocks of company Siemens.[citation needed]
On March 1, 2000, as a result of a merger of JSC "MTS" and JSC "RTK", OJSC «Mobile TeleSystems» (Russian: Моби́льные Те́леСисте́мы - Mobil'niye Telesistemy) was formed. In April, 28, 2000 the Federal commission under securities of the Russian Federation has registered initial stocks issue of OJSC "MTS".[citation needed]
[edit] Entry to NYSE
On June 30 2000 stocks of MTS started trading on the New York Stock Exchange (Index MBT).[citation needed]
[edit] Foreign subsidiaries and associates
In June, 2002 MTS started a network in Belarus, as the junior partner in a joint venture.[citation needed]
In August, 2003 MTS finished purchasing UMC, the leader of the market of mobile communication in the Ukraine.[citation needed] Brand UMC existed till mid 2007, when major rebranding campaign occurred turning UMC into MTS.
[edit] Branding
In May, 2006 MTS changed its logo as a part of rebranding campaign performed by its mother company, JSFC Sistema. Now it has two red squares next to each other. The left one, common in form (but not colour) to all JSFC Sistema's telecom subsidiaries, contains a white egg which symbolizes simplicity and genius, while the right square bears the name of the company: МТС (MTS).[citation needed]
[edit] External links
[edit] References
- ^ "MTS Website - Company profile". http://www.mtsgsm.com/news/ir/2008-05-16-26781/. Retrieved on 2007-08-08.
- ^ http://www.telecomsmarketresearch.com/resources/Mobile_Market_Europe.shtml#Europe_Top_50_Mobile_Network_Operators
- ^ "MTS Website - Licenses". http://www1.company.mtsgsm.com/license/. Retrieved on 2006-10-29.
- ^ "MTS Website - Short summary (In Russian)". http://www1.company.mts.ru/press-centre/briefly/. Retrieved on 2006-10-29.
- ^ "MTS Website - Company History (In Russian)". http://www1.company.mts.ru/history/. Retrieved on 2006-10-29.
- ^ http://www.sistema.com/media/releases?rid=23566&oo=2&fnid=68&newWin=0&apage=1&nm=76325&fxsl=view.xsl
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