Russia's Federal Antimonopoly Service granted the application of OJSC Moskovskaya Gorodskaya Telefonnaya Set (MGTS, English: Moscow City Telephone Network) for buying 50.0461% of the voting shares in OJSC Intellect Telecom, the regulatory body informed.
Intellect Telecom is principally engaged in the research and development in the telecommunications business sector. OJSC Intellect Telecom is JSFC Sistema's innovation research center for advanced technologies and industrial applications, according to the company's website. Therefore, MTS is buying the stake in Intellect Telecom from its major shareholder JSFC Sistema.
The parties have not disclosed the transaction value.
OJSC Mobile TeleSystems (MTS, tax number: 7740000076) and its subsidiaries provide services to more than 100 million subscribers in Russia, Armenia, Belarus, Ukraine and Turkmenistan. The company also provides fixed-line telephony and cable television services in all federal districts of Russia and in Ukraine.
The company's authorized capital is RUB 206.641 million, 2,066,413,562 common shares at par value of RUB 0.1 each are issued. JSFC Sistema owns controlling interest in the company (50.8%), 49.2% being in free float. 37.62% of MTS shares are traded on the NYSE as Level 3 ADRs.
Consolidated net profit of the MTS Group as per US GAAP for Q1 2013 decreased by 16.9% to RUB 12.963 billion from RUB 15.603 billion for the same period in 2012. Consolidated revenue increased by 1.9% to RUB 92.856 billion from RUB 91.093 billion, adjusted OIBDA by 2.6% to RUB 39.08 billion from RUB 38.081 billion, adjusted OIBDA margin to 42.1% from 41.8%.
According to the information and retrieval system DataCapital, RAS net profit of MTS for Q1 2013 decreased 3.1-fold to RUB 7.379 billion from RUB 22.916 billion for the same period in 2012. Revenue increased by 4.5% to RUB 66.238 billion from RUB 63.397 billion.
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"AK&M", 29.08.2013 17:32