We would like to bring to your attention the Annual Report of MTS PJSC1 following the results of 2023.
Purpose of the 2023 Annual Report
The MTS Annual Report is a tool of our openness and transparency that allows making investors, shareholders, clients and other stakeholders aware of the important solutions and Company operation results. It is also one of our mechanisms for internal evaluation of effectiveness and efficiency of the management processes and product offers, which allows us to maintain a high level of resilience to the arising challenges, competitiveness and market leadership.
The Report provides consolidated information on the main results of the Company’s business in accordance with its strategic goals and objectives for the short, medium and long run.
Key topics of the Report
As part of the annual report, we inform stakeholders about the status and prospects of our business. We strive to provide comprehensive and unbiased information about the Company, the environment where we operate, a general situation in the markets of our presence and the trends that we observe there. Our primary goal is to help shareholders understand the specifics of our business, our strategic priorities and demonstrate the results of yearly operations in the context of the strategy implementation. Thus, we contribute to correct assessment of the risks and benefits of investing in MTS and, as a result, to informed investment decisions made by the market participants.
In 2023, MTS celebrated the 30th anniversary of its activity and continued its way of active development of the digital ecosystem, introducing new products and services. As in previous years, the deliverables of this work are the key topic of the annual report. Moreover, in the reporting year, the Company underwent rebranding and developed a new dynamic and flexible corporate identity, which makes it possible to integrate elements of the changing and growing MTS ecosystem. The 2023 rebranding was a logical continuation of big changes in internal culture, business and brand philosophy. The path of transformation of the Company and its logo over the past three decades is one of the highlights of this report.
The Report has been prepared in accordance with the statutory requirements of the Russian Federation, as well as the regulatory requirements applicable to MTS:
- Federal Law dated December 26, 1995 No. 208-FZ “On Joint Stock Companies”;
- Regulations of the Bank of Russia dated March 27, 2020 No. 714-P “On Information Disclosure by Issuers of Equity Securities”;
- recommendations of the Corporate Governance Code approved by the Board of Directors of the Bank of Russia on March 21, 2014.
In addition, when preparing the Annual Report, we were guided by international standards and best practices in the area of public annual reporting.
Information about MTS
Mobile TeleSystems Public Joint Stock Company (MTS PJSC) is a leading company in Russia providing mobile and fixed telephony, data transfer and Internet access, cable and satellite TV broadcasting services; provider of digital services, including fintech and media within ecosystems and mobile apps; provider of IT solutions in the field of unified communications, the Internet of Things, monitoring, data processing, cloud computing, and cybersecurity. More than 86 million subscribers in Russia and Belarus use mobile communication services delivered by MTS Group. MTS holds a leading position in the Russian mobile business market by servicing the largest subscriber base accounting for 81 million users. MTS fixed services — telephony, Internet access and TV — cover more than 10 million subscribers, OTT and pay-TV services in various environments — more than 13 million users, the total number of MTS ecosystem clients exceeds 15 million. The company has a retail network of more than 4,400 stores in Russia. MTS shares are listed on the Moscow Stock Exchange under the code MTSS.
Company website: www.mts.ru.
1 In this Annual Report, the terms “MTS PJSC”, “MTS” and the “Company” should be understood as Mobile TeleSystems Public Joint Stock Company, and the terms the “MTS Group”. “Group” should be understood as a group of companies consisting of MTS PJSC and its subsidiaries. The figures contained in this Annual Report are as of December 31, 2021, unless other periods or dates are expressly indicated.