Mobile TeleSystems Third-Quarter Net Falls 25% to $362 Million

OAO Mobile TeleSystems, Russia’s largest mobile-operator, said net income fell 25 percent in the third quarter to $362 million from the same period last year.

Revenue gained 13 percent to $3.27 billion in the period, Moscow-based MTS, as the company is also known, said in a statement today.

To contact the reporter on this story: Ekaterina Shatalova in Moscow at eshatalova@bloomberg.net

To contact the editor responsible for this story: Brad Cook at bcook7@bloomberg.net

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