MTS

PJSC Mobile TeleSystems (MTS) is a leading Russian company offering mobile and fixed-line services, Internet access, cable and satellite TV, digital services and mobile apps, financial and e‑commerce services, and convergent IT solutions in the areas of system integration, Internet of things, artificial intelligence, data processing and cloud computing.

effective
shareholding

50.3023 percent

revenue
in 2020

494.9 bn ₽

mobile
subscribers

86.2 mn

retail
stores

5.33 thousand

Development Strategy

In October 2019, the Board of Вirectors of MTS approved the Group’s new strategy – Customer Lifetime Value 2.0 (CLV 2.0) – for 2020–2022, which provides for the accelerated creation of a large-scale ecosystem of new digital products for MTS customers based on accumulated expertise and achievements in the telecom business. MTS intends to focus its efforts on improvement of people’s lives, well-balanced business development, market cap growth and higher return on invested capital. 

CLV 2.0 elaborates on the company’s current strategic goals and is aimed at building a digital ecosystem with a seamless user experience on top of a strong telecommunications core. MTS plans to allocate up to 20% of its core CAPEX for new segments and take on a customer-centric approach designed to increase overall time customers spend within the MTS ecosystem. The new strategy is focused on maximising long-term customer value by better meeting the customer’s needs, while enhancing loyalty and offering attractive bundled offerings. 

MTS intends to extend convergence beyond connectivity by providing fit-for-purpose offerings for the modern digital lifestyle to improve people’s lives, support the development of Russia’s digital economy and continue to pay significant dividends to investors.

Annual revenue
201720182019 2020
Share pricesSeptember 20, 2021, 12:00 AM
September 21, 2021, 05:17 PM

The team

Felix Evtushenkov

Chairman of the Board of Directors

Vyacheslav Nikolaev

President

Business

Financial performance 2020

+5.2%

Revenue growth in 2020

+1.0%

OIBDA growth in 2020
In 2020, MTS revenue increased by 5.2% year-on-year to RUB 494.9 billion. The results were driven by strong performance in core business segments and the development of new business lines, such as media, fintech, and B2B cloud solutions, which collectively delivered about a third of the revenue.  

In FY 2020, OIBDA grew by 1.0% year-on-year to RUB 214.9 billion. Though supported by an increase in revenue, OIBDA growth has been constrained by adverse factors such as a drop in high-margin international roaming proceeds amid global travel restrictions. OIBDA margin in 2020 amounted to 43.4%, which is 1.8 p.p. less than in FY 2019. 

See all MTS's financial results.
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Increasing stake in MTS Bank

99.7%

shareholding in MTS Bank
In December 2019, MTS increased its stake in MTS Bank to 99.7% as a result of the purchase of 4.5% of shares from Sistema for a total of RUB 1.4 billion. The transaction should strengthen the synergy of telecom and banking products, accelerate the launch of new projects and help MTS implement its strategy for the development of financial services.
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Digital healthcare

MTS and Medsi Group started strategic cooperation in the area of digital healthcare with the launch of the SmartMed telemedicine platform. On the basis of this platform the companies will develop a range of digital healthcare products and services.
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MTS StartUp Hub

Over 2500 teams

applied for participation

Over 70 sturtups

accelerated

Over 45 pilot projects

launched

~ 20 projects

moved to the scaling stage
MTS continued active development of digital products in the retail and corporate markets and launched a number of strategic initiatives in the area of digital businesses. In March 2018, MTS launched an in-house accelerator, StartUp Hub, that enables technology startups to integrate their solutions and products with the company’s business.

MTS StartUp Hub is an innovative platform for the development of technological projects into a profitable business, consisting of a corporate accelerator, 5G Center, MTS venture capital fund, directions for the quick launch of pilots and foreign missions. The goal of the MTS StartUp Hub acceleration program is the intensive development of startup teams through mentoring, training and expert support to prepare the product for joint piloting with MTS.
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MTS Investments

191.7 bn ₽

assets under management (June 30, 2021)

Top 15

Russia's largest asset managers by AUM

А++

the highest reliability rating according Expert RA
Sistema Capital is a professional securities market participant that has been providing asset management services for individual and corporate customers since 2001. The company offers investment products, including bonds of Russian and foreign issuers in various segments and geographies, shares of companies from various countries, and derivatives.

In 2017, MTS entered the investment services market by purchasing 30% of Sistema Capital from Sistema Group, and in 2021 increased its share to 100% to expand ecosystem of MTS’s financial services with new offerings for retail and high-net-worth individuals (HNWI). In 2018, MTS and Sistema Capital launched MTS Investments digital platform with mutual investment funds for retail investors. In 2020, MTS Bank and Sistema Capital launched a joint brokerage and trading platform that enables private users of the MTS Investments mobile application to invest in investment funds, open brokerage accounts and independently trade securities on the Moscow Exchange.

Sistema Capital was ranked 12th among Russia's asset management companies in terms of assets under management (AuM) in 2020. The mutual investment fund Sistema Capital – High Technology became the first among leading funds by returns in 2020, according to Investfunds ranking. Its dollar-denominated returns totaled 63.2% (95.91% in rubles). Sistema Capital’s bond funds held high positions by yield among open bond mutual investment funds with net asset value exceeding RUB 50 mln. The company also began offering a new financial tool for its customers – closed mutual investment funds, which represent a quality alternative to open funds in terms of investment in non-traded instruments, such as real estate.
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Russian telecom operator MTS launches $100 million venture fund
13 September 2021
Vladimir Yevtushenkov, the tycoon riding Russia’s market boom
11 September 2021
MTS acquires controlling stake in blockchain trade finance platform Factorin
27 July 2021
Information on a transaction under the MTS share buyback programme
2 July 2021

Learn more on website
MTS