MBT (Russian telephone, internet, and wireless subscriptions!).
And a side note, the presidential election will not stop this company's stock growth as Russia's overall productivity growth and telecommunications always encourages more productivity unless your Silicon Valley high school cheerleaders, in which it only encourages backstabbing and tearful prom queens.
They added 1.76M subscribers in one month to a total 81.97M subscribers. And this doesn't even take into account the inevitable long-term subscription upsell to other services like internet access and cell phone upgrades. And the core cell phone subscriber growth is actually increasing momentum by 1.5% (about 23M new subscribers), not decreasing momentum by 10%. That's why EPS is growing by 42% TTM this year and revenue growing next fiscal year by 27%, a P/E of 19 is so cheap as the most convincingly, simple telecom growth story in the sector.
I encourage you to review the 3Q presentation: http://www.mtsgsm.com/upload/images/2007_3Q__presentation__en...
Here's a description from Reuters describing why it's the best of breed... Mobile TeleSystems OJSC is the largest mobile phone operator in Russia and the CIS. Together with its subsidiaries, the Company services over 81.97 million subscribers. The regions of Russia, as well as Armenia, Belarus, Turkmenistan, Ukraine, and Uzbekistan. The free float of the Company’s shares is approximately 46.7%. MTS is 52.8% majority-owned by Sistema , the largest private sector consumer services company in Russia and the CIS.
$82.0 (02/15/08)
