The company’s revenue increased by 17% year-on-year to US$113.3 million in the second quarter of 2010 against US$97 million in the same period of 2009. The revenue growth made up 9% compared to the first three months of 2010. The company said that the growth of revenue was ensured due to growth of subscribers’ base and stabilization of market.

OIBDA rose by 23% year-on-year from US$53.5 million in the second quarter of 2009 to US$65.8 million in the same period of 2010. The company said OIBDA margin grew from 55.1% in March-June 2009 to 54.6% in the second quarter of 2010. Operating income before depreciation and amortization (OIBDA) represents operating income before depreciation and amortization. OIBDA margin is defined as OIBDA as a percentage of net revenues.

ARPU made up US$5 in the second quarter of 2010, while it was US$5.2 in the same period of 2009. Compared to the first quarter of 2010, ARPU rose by 4%. Average monthly service revenue per subscriber (ARPU) is calculated by dividing service revenues for a given period, including interconnect and guest roaming fees, by the average number of our subscribers during that period and dividing by the number of months in that period.

The MOU grew from 502 minutes to 534 minutes in the reporting period (growth – 6%). The MOU rose by 3% compared to the first quarter of 2010. Average monthly minutes of usage per subscriber (MOU) is calculated by dividing the total number of minutes of usage during a given period by the average number of our subscribers during the period and dividing by the number of months in that period.

SAC fell from US$7.6 in the second quarter of 2009 to US$6 in the same period of 2010. Subscriber acquisition cost (SAC) is total sales and marketing expenses and handset subsidies for a given period. Sales and marketing expenses include advertising expenses and commissions to dealers.

Churn rate made up 6.1% in the reporting period against 7.1% in the second quarter of 2009, MTS reported.

The subscriber base of MTS Uzbekistan rose from 6.5 million in the second quarter of 2009 to 7.6 million in March-June 2010.

The capital investments of MTS in Uzbekistan totalled US$18.9 million in the second quarter of 2010 against US$136 million in the same period of 2009.