Russia's Federal Antimonopoly Service granted the application of OJSC Mobile Telesystems (MTS) for the acquisition of the right to be the single executive body for OJSC TVT Broadcasting Company, the regulatory body informed.
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 free float. 37.62% of MTS shares are traded on the NYSE as Level 3 ADRs.
Consolidated net profit of MTS Group as per US GAAP for Q3 2012 rose by 74.1% to $630.007 million from $361.84 million for the same period in 2011. Consolidated revenue decreased by 4.4% to $3.132 billion from $3.275 billion. Adjusted OIBDA of MTS group decreased by 4.2% to $1.379 billion from $1.44 billion. OIBDA margin was 44% matching the Q3 2011 result.
According to the information and retrieval system DataCapital, net profit (RAS) of MTS for 9 months 2012 decreased by 20.5% to RUB 38.12 billion from RUB 47.92 billion for the same period in 2011. Revenue increased by 10.4% to RUB 201.287 billion from RUB 182.371 billion.
OJSC TVT Broadcasting Company receives and broadcasts radio and TV content, provides data transmission services.