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News Breaks | | | | January 25, 2013 | | 13:05 EDT |  | MBT | Mobile TeleSystems downgraded to Hold from Buy at Standpoint Research
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News For MBT From The Last 14 Days Check below for free stories on MBT the last two weeks. |
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| June 7, 2013 | | 07:13 EDT |  | MBT | Mobile TeleSystems reports Q1 revenue RUB 93B, up 2% from prior year
Reports Q1 consolidated adjusted OIBDA up 3% from prior year to RUB 39B and consolidated net income of RUB 13B. The company said, "Overall we see continued stability and consistency in our markets of operation. With this in mind, MTS introduced a new dividend policy in April 2013. For the calendar years 2013-2015, MTS aims to pay out a minimum dividend distribution equal to at least 75% of free cash-flow for the relevant financial period or, if greater, RUB 40B per year. MTS will begin to pay out dividends on a semi-annual basis using interim H1 and full-year financial results as a foundation. In April 2013, the MTS Board of directors recommended that AGM approve FY 2012 dividends of RUB 14.6 per ordinary MTS share. In addition, the Board advised that MTS consider a semi-annual dividend payout of up to RUB 11B on the basis of its H1 2013 financial results, which should become available in Autumn 2013. Overall, the payout could increase the cumulative amount returned to investors in 2013 by over 35% relative to 2012." | |
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