MTS Posts Strong 3Q, Raises Guidance Despite Network Halt in Turkmenistan; Raising FVE to $11.50
Mobile TeleSystems delivered strong performance in its third quarter, with total revenue growing 2% year over year and adjusted EBITDA margin improving to 42.6% from 40.7% last year and 41.2% last quarter. We are pleased with the firm’s continued leadership in the Russian wireless market and renewed strength in Ukraine. We see more evidence supporting our growth thesis that MTS will benefit from greater industry focus on enhancing customer value as opposed to price competition, robust growth in ...
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