Mobile TeleSystems PJSC (NYSE:MBT) Q3 2019 Earnings Conference Call - Final Transcript
Nov 19, 2019 • 10:00 am ET
Dear ladies and gentlemen, welcome to the Conference Call of Mobile TeleSystems PJSC. At our customers' request, this conference will be recorded. [Operator Instructions] After the presentation, there will be an opportunity to ask questions. [Operator Instructions]
May I now hand you over to Polina Ugryumova, who will lead you through this conference. Please go ahead, madam.
Welcome everybody to today's event to discuss MTS Third Quarter 2019 Financial and Operating Results. As usual, I must remind everyone that except for historical information, any comments made during this call may constitute forward-looking statements. Important factors could cause the actual results to differ materially from those contained in our projections or forward-looking statements. This, in turn, implies certain risks and more thorough discussion of which are available in our Annual Report and Form 20-F or the materials we have distributed today.
MTS disavows any obligations to update any previously made forward-looking statements spoken on this conference call or make any adjustments to previously made statements to reflect changes in risks. You can find copies of the presentation and materials used in reference in this conference call on our Investor Relations website.
Today's presenters are Alexey Kornya, President and CEO; Vyacheslav Nikolaev, First Vice President for Customer Experience and Marketing; Inessa Galaktionova, our First Vice President for Telecommunications; and Andrey Kamensky, Vice President for Finance.
Now, I will hand it over to Alexey, to kick us off.
Welcome everyone, and thank you for joining us today. As usual, we will begin with Group highlights while Inessa and Andrey will then give a detailed business and financial update. Finally, I will wrap up before we take questions.
I'm happy to report that we successfully maintained our momentum in 2019 and delivered an overall solid set of results in third quarter. Total Group revenue was up 4.6% year-over-year until the quarter, reaching RUB134 billion. Revenue growth was supported by core operational performance in our largest markets, as well as a noticable contribution from MTS Bank. Additionally, we saw OIBDA growth accelerate to 5.9% in third quarter year-over-year to reach RUB62.8 billion. We also made good progress on our long-term strategic initiatives.
In connectivity, we continued investing in 4G network development and we launched the first 5G pilot zones in Russia with sub-6 gigahertz coverage. In entertainment, we appointed Igor Mishin as our new Vice President for Media. Igor brings to the team decades of industry experience, and I'm confident he is the right fit to lead our efforts in this area.
In FinTech, we further deepened our integration with MTS Bank at both in our organizational and product level. In B2B digital, we continue to wielding our national-wide narrow-band Internet of Things network, which has now reached around 30,000 base stations with enabled functionality.
Finally, more recently in artificial intelligence, we were happy to be one of the six founding members and the only telecom operator to join the Russian Artificial Intelligence Alliance. Moving forward, this will be the prime -- premier industry association to