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DMEUROPE-1 April 2010-'MTS Ukraine revenues down 1% to UAH 2.1 bln in Q4' (C)2010 DMeurope.com (http://www.dmeurope.com) & DME Ltd. All rights reserved.
MTS Ukraine saw its total revenues fall by 1 percent year-on-year to UAH 2.1 billion in Q4, affected by seasonality with a decline in roaming and by the revision of interconnect terms with Ukrtelekom. OIBDA grew 10.7 percent year-on-year but dropped 13 percent sequentially to UAH 927 million. OIBDA dynamics reflect top-line performance as well as the revision of interconnect terms, an improved OIBDA margin versus Q4 2008 as a result of cost control initiatives and a reduction of hard-currency …