Wednesday, 20 September 2017

MTS books US$1.1bn writedown on Uzbekistan business

By Mary Lennighan, Total Telecom
Tuesday 28 August 12

Russian mobile operator swings to Q2 net loss; vows to keep fighting for Uzbekistan operations.

Russian mobile operator Mobile TeleSystems (MTS) on Tuesday announced it swung to a hefty quarterly net loss on the back of $1.1 billion worth of impairment charges connected to its recently-suspended operations in Uzbekistan. MTS posted a net loss of US$681.8 million for the three months to the end of June…

Russian mobile operator Mobile TeleSystems (MTS) on Tuesday announced it swung to a hefty quarterly net loss on the back of $1.1 billion worth of impairment charges connected to its recently-suspended operations in Uzbekistan. MTS posted a net loss of US$681.8 million for the three months to the end of June…

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