During Friday’s current trade, Mobile TeleSystems OJSC (ADR) (NYSE:MBT)’s shares decline -0.64% to $9.37.
Mobile TeleSystems OJSC (ADR) (MBT) declared its unaudited IFRS financial results for the three months ended March 31, 2015.
Key Financial Highlights of Q1 2015
- Merged group revenue raised 2.7% y-o-y to RUB 100.2 bln.
- Total revenue in Russia raised 3.6% y-o-y to RUB 90.4 bln.
- Mobile service revenue in Russia improved 3.9% y-o-y to RUB 70.5 billion.
- Data traffic revenue in Russia grew 26.0% y-o-y to RUB 18.1 bln.
- Handset sales raised 1.2% y-o-y to RUB 6.3 bln.
- Group Adjusted OBDA down 2.0% to RUB 41.3 bln.
- OIBDA in Russia raised 0.9% y-o-y to RUB 38.2 bln.
Key Corporate and Industry Highlights
- Won a tender for a nationwide license for the provision of 3G telecommunications services in the 1950-1965 MHz/2140-2155 MHz in Ukraine. The cost of the license amounted to UAH 2.7 bln.
- Launched LTE network in the 1800 MHz range in Moscow and LTE network in the 800 MHz range throughout the Moscow region.
- Launched LTE network in the 1800 MHz range in Saint Petersburg and the Leningrad Region.
- Launched LTE network in the 1800 MHz range in the Krasnodar region in southern Russia.
- Annual dividend recommendation by the MTS Board of RUB 19.56 per ordinary MTS share (RUB 39.12 per ADR), or a total of RUB 40.419 bln based on the full-year 2014 financial results, upon acceptance by the AGM and completion of this payment, MTS will have paid out up to RUB 53.2 bln rubles based on fiscal year 2014 financial results.
- Signed a USD 200 mln equivalent term loan facility agreement with China Development Bank Corporation (“CDB”) in renminbi and US dollars.
Mr. Alexey Kornya stated that At MTS they have long considered dividends to be a key commitment to their shareholders. This is both a reflection of the strong market, in which they operate, and prudent administration of their business. They are happy that the results of 2014 will allow them to pay out the largest dividend in their history; for the Fiscal Year 2014, MTS will have paid out 53.2 billion rubles. Most importantly, this sum is derived from their free cash flow, which does not require them to resort to outside funding to finance this payment. Unlike some, our view is that a dividend story is best preserved by paying one. And in that respect in April, the Board recommended to the AGM to be held on June 25, 2015, to approve annual dividends of 19.56 rubles per ordinary MTS share, or a total of 40.4 billion rubles, based on the full-year 2014 financial results.
Mobile TeleSystems OJSC provides telecommunication services in Russia and the Commonwealth of Independent States. The company offers a range of mobile and fixed line voice and data telecommunications services, including data transfer, broadband, pay-TV, and various value-added services, as well as sells equipment and accessories.
Nimble Storage Inc (NYSE:NMBL)‘s shares gain 1.25% to $29.19, during the current trading session Friday’s, hitting its highest level.
Nimble Storage Inc (NMBL) was a big mover last session, as the company saw its shares rise more than 5% on the day. Shares moved up after an analyst at Summit Research stated that the company could be a possible acquisition target. This led to solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 18.90% over the past one month time frame.
This computer storage development stock witnessed two positive estimate revisions and three negative estimate revisions over the last 30 days. The Zacks Consensus Estimate also moved down over the same time frame, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday move higher lasts.
Nimble Storage, Inc. provides flash-optimized storage platforms. The company’s software and storage systems handle various mainstream applications, counting virtual desktops, databases, email, collaboration, and analytics. It offers systems that provide adaptive performance for high-I/O applications and high-capacity environments, counting Exchange, Oracle, SharePoint, SQL Server, virtual desktop infrastructure, and server virtualization.
In a mid-morning trade, Level 3 Communications, Inc. (NYSE:LVLT)‘s shares plunge -1.08% to $54.95.
Level 3 Communications, Inc. (LVLT) reached a Supplemental Indenture (the “Guarantee Supplemental Indenture”), dated as of June 3, 2015, to the Indenture, (the “Indenture”) dated as of January 29, 2015, among Parent, as guarantor, Level 3 Financing, as issuer and The Bank of New York Mellon Trust Company, N.A., as trustee (the “Trustee”), regarding Level 3 Financing’s 5.625% Senior Notes due 2023 (the “Notes”). The Guarantee Supplemental Indenture was reached among Level 3 Financing, Parent, Level 3 Communications, LLC (“Level 3 LLC”), a wholly owned partner of Parent, and the Trustee. Following the Guarantee Supplemental Indenture, Level 3 LLC has offered an unconditional, unsecured guaranty of the Notes. The Guarantee Supplemental Indenture is filed as exhibit 4.1 to this Current Report and is incorporated by reference as if set forth in full.
Level 3 Communications, Inc., together with its auxiliaries, operates as a facilities-based provider of a range of integrated communications services primarily in North America, Latin America, Europe, the Middle East, and Africa. The company provides transport services comprising wavelengths, private lines, transoceanic, and dark fiber, in addition to related professional services; fiber services; and colocation and data center services, such as cloud, hosting, and application administration solutions.
Sigma-Aldrich Corporation (NASDAQ:SIAL), during its Friday’s current trading session 0.55% gain and closed at $139.15.
Sigma-Aldrich Corporation (SIAL) was named in the top five in Newsweek’s 2015 Green Rankings, one of the world’s most recognized assessments of corporate environmental performance. In its fourth appearance on the list, Sigma-Aldrich maintained its number five ranking among the U.S. 500, which comprises of the 500 largest publicly traded companies headquartered in the U.S. by market capitalization. The recognition once again places the St. Louis-based life science company in the top one percent for environmental performance.
The 2015 Green Rankings assess the environmental performance of the U.S. 500. Companies are measured against their industry peers using eight clearly defined metrics counting energy, water and waste usage in addition to corporate reputation. At number five on the nationwide list, Sigma-Aldrich was one of the highest-ranking companies among its peer group.
Sigma-Aldrich Corporation, a life science and high technology company, develops, manufactures, purchases, and distributes various chemicals, biochemicals, and equipment products worldwide. The company provides chemical products, reagents, and kits and services are used in scientific research, counting genomic and proteomic research, biotechnology, pharmaceutical development, and diagnosis of disease; and as key components in pharmaceutical, diagnostics, and high technology manufacturing.
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