Ukraine is MTS’ second biggest market, and many businesses across numerous sectors have been hit by the country’s political uncertainty.
MTS has cut revenue growth targets by over 1% for the 3%-5% range, and operating income before depreciation and amortisation will be flat year on year, which is a revision of a previous forecast indicating a 2% increase.
According to its results, MTS also reported a 1.4% increase in second quarter revenues, falling slightly below analyst predications of a 1.7% rise.
