Moscow City Telephone Network (MGTS) has reported a 19.3% year-on-year increase in net profits to RUB3.37 billion (USD132 million) for the first six months of this year. First half revenues were up 22.4% to RUB13.04 billion, while pre-tax profit was up 18% at RUB6.1 billion under Russian accounting standards. Part of the Comstar-UTS group, MGTS is the incumbent fixed line operator in the Moscow metropolitan area and the largest provider of local telecoms services in the region.
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Moscow City Telephone Network (MGTS), the largest fixed line operator in the Russian capital, has introduced a new system for long-distance calls under which customers must now specify which carrier they want to handle the call. The new system replaces the previous regime under which all calls were automatically routed via the networks of former long-distance monopolist Rostelecom. MGTS customers are now asked whether they want calls to be carried by Rostelecom or by rival operators Multiregional TransitTelecom (MTT) or Golden Telecom. Though the revised system will be of obvious benefit the new entrants, Rostelecom says it intends to work hard to keep its long-distance customers. Local website C-News reports that it is planning to offer users a carrier pre-select option under which it will be the automatic choice for long-distance calls.
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MGTS sees 19% jump in profits (Russia)
