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MTS to Boost Dividends as Russia Mobile-Data Demand Helps Profit

OAO Mobile TeleSystems, Russia’s largest wireless carrier, plans to increase dividends this year and next as demand for wireless data boosts earnings.

MTS will pay a total of 90 billion rubles ($2.5 billion) during 2014 and 2015, Chief Executive Officer Andrei Dubovskov told reporters today in Moscow. The carrier’s previous dividend target was 40 billion rubles a year.