IR Blog

We have set the tentative date for our Q4 and FY 2009 financial results on April 1, 2010. We will confirm the date closer to the event.

You can view the latest information on our upcoming events here.

In 2007-2008, FASB recommended changes to how certain equity investments were recognized.  Beginning from Q1 2009, MTS was required to apply EITF D-98 ("Classification and measurement of redeemable securities") to fulfill our obligations under US GAAP accounting.  The addition of "Redeemable non-controlling interests" line item supersedes Minority Interest (as of 31 Dec 2008 roughly $23.5mln), and the changes in the figures simply relates to the retroactive application of Topic D-98.  In the case of MTS, both of these items referred to our stakes in K-Telecom (MTS Armenia) and Dagtelecom, a small regional player acquired in 2006.