MTS says operator’s business resilient to external shocks
MOSCOW, Mar 3 (PRIME) -- Major Russian mobile operator MTS believes its business is resilient to external shocks and is focused on navigating the current environment, which it continues to monitor, the company said in a statement late on Wednesday.
“Operationally, MTS businesses and verticals continue to serve customers across the company’s markets of operation and strive to remain reliable partners for counterparties. The company has a diversified vendor and supplier base and maintains regular communication with stakeholders,” MTS said.
MTS has a robust financial position and comfortable leverage, as well as a gross debt portfolio that is 98% denominated in local currency, including foreign exchange hedging as of the end of the last reporting period of July–September 2021.
The operator said that it is currently unaware of any designation of MTS, its subsidiaries, or members of its management team under sanctions recently imposed by the E.U., U.S., U.K., and certain other countries.
“At the same time, MTS cannot exclude the possibility of impacts on its operations and financial results due to current and potential external factors beyond its control, including changes to the broader macroeconomic environment, restrictions on business and trade relations, and the possibility of further extension of sanctions,” the operator said.