The company said approximately 700,000 new subscribers were added in Uzbekistan in the reporting period. Total number of subscribers made up 5.06 million users, the company said. During the quarter mobile penetration in Uzbekistan increased from 33% to 38%.

MTS said third quarter revenues of its subsidiary in Uzbekistan, MTS-Uzbekistan, increased by 56.8% year-on-year to US$103.1 million and the third quarter OIBDA up 59.3% year-on-year to US$65.5 million. The company said OIBDA margin was 63.5%. The third quarter net income grew by 75.4% year-on-year to US$43.5 million.

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.

The MOU decreased sequentially in the third quarter 2008 to 525 minutes from 565 minutes in the same period of 2007. 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.

ARPU decreased sequentially from US$10.3 in the end of third quarter of 2007 to US$7.3 in the third quarter of 2008. 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.

SAC increased sequentially from US$4.4 to US$7.7 in the third quarter. 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. SAC per gross additional subscriber is calculated by dividing SAC during a given period by the total number of gross subscribers added by us during the period.

MTS’ expenditure on property, plant and equipment in the third quarter totalled US$48.1 million in Uzbekistan. The company spent US$0.13 million to purchase of intangible assets in the reporting period.