Growth of the core business and new areas
Revenue of the Group1
RUB billion
1 The revenue is calculated taking into account intra-group transactions. The amount may vary due to rounding of individual digits.
2 Retail — RTC JSC, 100% subsidiary of MTS, provides customer service and sells SIM cards, services, products of the MTS ecosystem, gadgets and other devices in retail stores.
3 Information on the consolidated financial and operating results of MTS Group for Q4 2021 and entire 2021 is available on the company’s website: Financial and operating results of MTS Group for Q4 2021 and entire 2021 | MTS – Moscow (mts.ru).
Positive results of MTS Group in 2021 due to:
- growth of mobile revenue in Russia related to the growth of Internet traffic and communication services consumption,
- growth of consumption of ecosystem services, in particular, FinTech and media,
- increase in sales of mobile phones and accessories, as well as increase in the efficiency of the MTS retail chain.
Revenue in Russia
RUB billion
Revenue in Armenia
AMD billion
Revenue in Belarus
BYN million
2021 became a landmark year for MTS, as we managed to significantly accelerate the development of priority areas of our digital ecosystem. I am glad to report that we have achieved strong financial results in terms of both revenue and net income. The launch of the KION platform provided MTS with a key strategic breakthrough in the field of media, and the reliability of the business strategy of MTS Bank allowed it to quickly achieve significant scale and market autonomy. Our core telecom business went on demonstrating stable and strong growth in both mobile and fixed-line segments. These achievements further demonstrate the efficiency of our long-term strategy to ensure better user experience for our dozens of millions of customers.
Vyacheslav Nikolaev,
President of MTS