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Mobile TeleSystems
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| Mobile TeleSystems | |
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|
| Type | Public (NYSE: MBT) |
|---|---|
| Founded | October 1993 |
| Headquarters |  Moscow, Russia |
| Key people | Leonid Melamed, President and CEO Vsevolod Rozanov, CFO |
| Industry | Mobile telecommunications |
| Products | Mobile networks |
| Revenue |  $6.4 billion USD (2006) |
| Operating income | $3.2 billion USD (2006) |
| Net income | $1.2 billion USD (2006) |
| Parent | JSFC Sistema |
| Website | www.mtsgsm.com |
Mobile TeleSystems or MTS is the largest mobile operator in Russia and CIS with over 66,66 million subscribers as of October 29, 2006.[1]
The MTS wireless network operates using the GSM standard. It currently holds licences to provide mobile services in 87 out of 89 regions in Russia and the entire territories of Ukraine, Belarus, Uzbekistan and Turkmenistan.[2][3] MTS is currently the biggest mobile operator in Central and Eastern Europe.[4]
MTS was founded by Moscow City Telephone Network (Russian: Московская Городская Телефонная 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 "Система" - 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: Мобильные ТелеСистемы - 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]
On June 30 2000 stocks of MTS started trading on the New York Stock Exchange (Index MBT).[citation needed]
Having started in the Moscow license zone in 1994, МТS in 1997 has received licenses and began to develop actively.[citation needed]
In June, 2002 MTS started a network in Belarus.[citation needed]
In August, 2003 MTS finished purchasing UMC, the leader of the market of mobile communication in the Ukraine.[citation needed]
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 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]
- ^ MTS Website - Company profile. Retrieved on 2006-10-29.
- ^ MTS Website - Licenses. Retrieved on 2006-10-29.
- ^ MTS Website - Short summary (In Russian). Retrieved on 2006-10-29.
- ^ MTS Website - Company History (In Russian). Retrieved on 2006-10-29.