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    Friday, November 13, 2009

    Mobile TeleSystems Q3 Net Income Down 4.1%

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    By Polya Lesova
    MarketWatch Pulse
       

      FRANKFURT -- Mobile TeleSystems OJSC , Russia's largest mobile phone operator, said Friday its third-quarter net income fell 4.1% to $494.4 million from $515.6 million in the same period a year ago. Revenue dropped 19.4% to $2.27 billion. The company said it continues to see "sustained macroeconomic volatility" in its markets of operations that may impact its performance.

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