In local currencies, MTS said it expects single-digit year-on-year revenue growth in Russia and a single-digit year-on-year revenue decline in the Ukraine in 2009. In the third quarter, MTS's revenues in Russia rose 7% year-on-year to 56.27 billion Russian roubles (1.95 billion US dollars), while in the Ukraine revenues fell 2% to 2.22 billion Ukranian hryvnia (272 million US dollars).
Anticipating "investments in 3G, transport networks development, retail expansion and OPEX optimization initiatives", MTS said its capex in 2010 is likely to be between 22% and 25% of revenues, compared with 22% in both 2009 and 2008. MTS said it expects the Russian telecoms market to grow 6% a year from 2008 to 1.63 trillion Russian roubles in 2012. source: MTS presentation
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