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MTS to sell Allstream to Zayo for CAD 465 mln
2015-11-23 14:04:00| Telecompaper Headlines
(Telecompaper) Manitoba Telecom Services announced a binding agreement to sell its unit Allstream to Zayo Group for CAD 465 million cash. MTS said the transaction will bring it a stronger position to transform into a more customer-first business, leveraging its assets and position to deliver solid results in a competitive market. After closing costs, MTS expects to realise net proceeds of approximately CAD 425 million. The company said it will evaluate a number of capital allocation options available to it, including the retirement of debt incurred to fund its pension funding prepayment made earlier in 2015 and recent spectrum acquisitions.
MTS sells Allstream for C$465 million
2015-11-23 01:00:00| Total Telecom industry news
US-based Zayo to take control of Canadian business services provider, integrate fibre assets with its own.
Tags: million
sells
mts
allstream
MTS raises outlook as revenues increase 7% in Q3
2015-11-18 07:11:00| Telecompaper Headlines
(Telecompaper) Revenues of Russian and CIS operator MTS Group grew by 7.4 percent year-on-year in the third quarter to RUB 115 billion, led by demand for data services and smartphones. Adjusted OIBDA totaled RUB 48 billion, down by 2.4 percent, and the adjusted OIBDA margin was 41.7 percent. MTS said OIBDA was impact by cost inflation, margin pressure outside Russia and new commercial policies in its retail network. Net profit dropped by 6.4 percent to RUB 14.4 billion, hurt by forex losses. MTS raised its guidance for the full year and now expects annual revenue growth of around 4 percent, compared to a previous outlook for at least 2 percent growth. The company maintained its forecast for an OIBDA margin of over 40 percent and capital expenditure of around RUB 92 billion over the full year. In Russia, revenues grew by 4.7 percent to RUB 103.92 billion in the third quarter, while OIBDA declined 2.1 percent to RUB 44.53 billion amid higher costs for increased smartphone sales. Mobile revenues, including sales of devices, grew by 6.4 percent to RUB 90.6 billion, led by 20.2 percent growth in data revenues to RUB 20.6 billion. The subscriber base grew by 3.6 million compared to a year ago to 76.9 million at the end of September, while ARPU dropped by 4.6 percent to RUB 341.
Tags: in
increase
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revenues
RCom to acquire MTS India
2015-11-02 10:45:00| Telecompaper Headlines
(Telecompaper) Indian operator Reliance Communications (RCom) and Russia-based Sistema have signed definitive documents for the demerger of Sistema's Indian wireless business into RCom. Sistema Shyam Teleservices (SSTL) operates in India under the MTS brand. RCom will acquire around 9 million customers and INR 15 billion of annual revenues via this transaction.
MTS launches online games shop
2015-10-30 08:41:00| Telecompaper Headlines
(Telecompaper) Russian mobile operator MTS has launched its MTS Games online shop. Free mobile games for Android and iOS-based smartphones are offered over the new service. The offer includes gaming applications from HeroCraft, Playtomax, Online Games, JoyBits and Inlogic Software. Users are offered unlimited access to the games, but need to pay for the internet traffic. VAS gaming options can be paid from the mobile balance. Games for Android devices can be downloaded, while games for iOS devices are accessible online only.
Tags: online
shop
games
launches
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