MTS is the leading telecommunications operator in Russia and CIS

MTS helps people communicate and get information in all regions of Russia, Ukraine, Belarus, Turkmenistan and Armenia.

MTS is successfully achieving the objective of strengthening leadership and maintaining high business efficiency.

In this Annual Report terms «MTS», «Company», and «Group» shall mean the aggregate of companies consisting of MTS OJSC and its subsidiaries; MTS OJSC shall mean Mobile TeleSystems Open Joint Stock Company.

In 2014 MTS presented a new development strategy for 2014-2016, which is based on three key areas: «data», «differentiation» and «dividends».

New business strategy is a timely response of MTS to changes in telecom market, growth of needs and expectations of customers, as well as a logical continuation of the 3i strategy, which completely fulfilled its task. We have completed the planned stages of integration, launched the processes of transformation of MTS necessary to develop in the markets of mobile and fixed Internet, not just introducing innovations in their pure form, but using an innovative approach to the formation of tariff offers. The new strategy specifies existing MTS strategic objectives and focuses on topical aspects, which have fundamental importance for the global telecommunications player: increasing penetration of mobile Internet services, diversification of the Company’s services, increasing operational efficiency and, consequently, increasing distributions to shareholders.

The indicators contained in this Annual Report are as of 31.12.2013, except where other periods or dates are expressly indicated.