Thursday, August 22, 2013

MTS loses pay-TV subs

Russia’s MTS ended the second quarter with 2,806,000 subscribers to its pay-TV services – a 2.7% reduction on the same period last year.
At the same time, its broadband internet customer total was, at 2,317,000, barely changed on the 2,314,000 it posted for Q2 2012.
In a presentation accompanying the company’s latest set of results, MTS says: “(The) number of broadband and pay-TV subscribers (was) impacted by reconciliation of acquired companies’ subscriber definitions with those of MTS as well as completion of the statutory merger of Comstar-Regions.”
MTS had consolidated revenues of R97 billion (€2.2 billion) in Q2, a 5% increase year-on-year, while its consolidated net income amounted to R29 billion.

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