Mobile operator Universal Mobile Systems (UMS) increased its subscriber base by 3 times year-on-year to 1.287 million users, Mobile TeleSystems, the leading telecommunications provider in Russia and the CIS, said.
According to financial report of the MTS based on IFRS, the revenue of UMS in the first quarter made up 85.241 billion soums against 19.292 billion soums in the same period of 2015. The operator said that revenue growth is connected with increase of consumption of data transfer services.
UMS decreased capital expenses from 63.579 billion soums in the fourth quarter of 2015 to 5.907 billion soums in the first quarter of 2016. Net loss made up 12.507 billion soums in January-March against 41.85 billion soums in the first quarter of 2015.
Operating income before depreciation and amortization (OIBDA) made up 5.731 billion soums in the first three months of 2016, which rose by 2.2 times compared to the fourth quarter of 2015.
Total voice traffic in the first quarter of 2016 reached 1.765 billion minutes compared to 1.554 billion minutes in the fourth quarter of 2015.
As reported earlier, UMS started to render mobile communication services across Uzbekistan from 1 December 2014.
MTS (50.01%) and Center for Radio Communication, Broadcasting and Television (CRBT) under the State committee for communications, development of information systems and telecommunications technologies (49.9%) are founders of the venture.
The joint venture will operate on the basis of assets, equipment and infrastructure, which were previously owned by Uzdunrobita FE LLC, a former subsidiary of MTS in Uzbekistan, and which will be transferred to this newly established joint venture.
According to MTS, Universal Mobile Systems LLC received 2G/3G/LTE licenses, a frequency range, a numbering capacity and other permits for operation, as well as investment guarantees under Uzbek legislation.
MTS Uzbekistan worked in Uzbekistan till the summer 2012. In 2012, Uzbek Communication Agency suspended its licenses and later the court abolished its licenses.
Source: Uzdaily.com