MTS, one of Russia's leading mobile operators, reported revenues up 12.2 percent year-on-year but net income down 16.1 percent at US$321.6 million in its first-quarter results. Subscriber additions and the growth in data traffic were the main drivers of increased revenues, said President and CEO Andrei Dubovskov. (See MTS Reports Q1, Russian Ops to Share LTE Network and LTE Beckons in Uzbekistan .)
Irish incumbent eircom is feeling the pressure to restructure its debt, reports Reuters. If it fails to act, the operator faces breaching its financial covenants within the next three months or so. (See Eircom Reports Q2 and Lenders to Lean on Eircom.)
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