Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Mobile TeleSystems to Rise on Customer Cost Cut, Troika Says

Nov. 23 (Bloomberg) -- OAO Mobile TeleSystems shares are poised for gains if the company, Russia’s largest mobile-phone operator, continues to reduce its spending to win new customers, according to Troika Dialog Group Ltd.

“MTS shares are cheap compared to other telecom companies and if it continues to control its subscriber acquisition costs like it did in the third quarter, the shares will rise,” Anna Lepetukhina, an analyst at Troika Dialog, said in a phone interview today from Moscow. Costs can include marketing programs and sales commissions, she said.

Troika rates the shares “buy” and estimates full-year earnings before interest, taxes, depreciation, and amortization at $4.93 billion.

American depositary receipts of the Moscow-based company fell 3.4 percent to $14.66 at the close of trading in New York. They have declined 30 percent this year.

To contact the reporter on this story: Ksenia Galouchko in New York at kgalouchko1@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos in New York at papadopoulos@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.