MTS today revealed that the telecom operator’s capital expenditure in 2021 will be approximately RUB 100-110 billion.
MTS, the leading mobile operator in Russia, is indicating that there will be a marginal rise in its annual cash Capex in 2021 as compared with cash Capex of RUB 96.9 billion in 2020 and RUB 90.7 billion in 2019.
MTS reported that its revenue increased 5.2 percent to RUB 494.9 billion in 2020. MTS is expecting a growth of 4 percent in revenue and 4 percent in OIBDA during 2021.
Russia mobile service revenue rose 6.4 percent in Q4 — despite headwinds in international roaming revenue due to travel restrictions.
MTS has added some 230,000 active mobile subscribers in Russia, reflecting a recovery in the subscriber base.
Pay-TV users increased 44 percent in 2020 to 6.6 million. Users of MTS’s over-the-top offering for smart TVs and smart devices have more than doubled to 2.5 million. The number of consumer broadband subscribers increased 10.3 percent in Q4 to 3.8 million.
Alexey Kornya, president and CEO of MTS, said: “Overall, we executed at pace on the first full year of our CLV 2.0 growth strategy. We are gaining momentum on our journey to be Russia’s premier network-native provider of advanced digital services.”