MTS is planning annual Capex of around RUB 90 billion in 2020 as compared with RUB 91.5 billion in 2019 and RUB 86.5 billion in 2018.

“We expect to continue to operate amid a relatively stable competitive environment. In 2020, we forecast Group revenue to increase around 3 percent, with OIBDA remaining roughly flat while aiming for some upside,” said Alexey Kornya, president and CEO of MTS.

MTS reported Q4 revenue of RUB 127.1 billion (+4.1 percent) — driven by mobile in Russia, as well as a positive top-line impact from MTS Bank. MTS revenue rose 5.5 percent to RUB 476.1 billion in 2019.