EquityStory.RS, LLC-News: Mobile TeleSystems PJSC / Key word(s): Miscellaneous/Miscellaneous
31.05.2018 / 12:30 MSK
The issuer is solely responsible for the content of this announcement.
MTS, Ericsson and Intel have piloted a virtual cyber sport game on 5G network supporting high speeds and low latency.
At Startup Village 2018 Conference, a major start-up event in Russia organized by the Skolkovo Foundation, the participants matched the game played on 5G trial zone by the cyber team of Immergity, VR/AR games development studio. Gamers in the role of pilots of intergalactic ships in VR helmets fought in the exciting game AI Rebellion with the forces of artificial intelligence that came out of human control.
For two days in the gaming zone at Startup Village 2018, two gaming stations interacted in the virtual space game using Ericsson's base station and Intel(R) 5G Mobile Trial platform connected to the 28 GHz band with a minimal delay of 4 ms, at least five times less than on LTE networks.
Vyacheslav Nikolaev, Vice President, Marketing, MTS, commented, "In cooperation with our partners, we continue to demonstrate the potential of 5G for various use cases. This time, gamers used 5G in "real combat conditions". The results of the games showed advantages of low latency provided by the new technology. In a little while, this parameter will be a mainstream not only for entertainment but also for everyday needs such as a remote control of various processes, autonomous vehicles and Tactile Internet. Such examples include telemedicine and e-learning, the areas where low latency and dot-to-dot transmissions of fine motor skills play critical role".
Hannes Ekstrom, Ericsson Vice President, Business Development with MTS, Ericsson in Russia, commented, "5G opens vast opportunities for industrial and consumer scenarios in multiple areas - smart manufacturing, smart buildings, connected machines, fleet management and urban transport, meters and consumer electronics. Gaming is one of fastest growing industries and important part of many people's life. In addition to high data speed and fast internet, 5G will bring new capabilities such as low latency and long battery life. These aspects will be critically important for scenarios, which we presented today in cooperation with our strategic partner MTS."
The trial is a part of the strategic partnership between MTS and Ericsson within the framework of the agreement signed in December 2015 on cooperation in the development and implementation of 5G in Russia.
* * *
For further information, please contact in Moscow:
Joshua B. Tulgan
Director, Department of Corporate Finance and Investor Relations
Mobile TeleSystems PJSC
Tel: +7 495 223 2025
E-mail:
ir@mts.ru
Learn more about MTS. Visit the official blog of the Investor Relations Department at
www.mtsgsm.com/blog/
* * *
Mobile TeleSystems PJSC ("MTS" - NYSE:MBT; MOEX:MTSS), the leading telecommunications group in Russia and the CIS, provides a range of mobile, fixed-line and digital services. We serve over 100 million mobile subscribers in Russia, Ukraine, Armenia, and Belarus, and about 9 million customers of fixed-line services, including fixed voice, broadband internet, and pay-TV. To keep pace with evolving customer demand, MTS is redefining what telecommunications services are by offering innovative products beyond its core network-related businesses in various tech segments, including Big Data, financial and banking services, internet of things, OTT, cloud computing, systems integration and e-commerce. We leverage our market-leading retail network as a platform for customer services and sales of devices and accessories. MTS maintains its leadership in the Russian mobile market in terms of revenue and profitability. MTS is majority-owned by Sistema PJSFC. Since 2000, MTS shares have been listed on the New York Stock Exchange and since 2003 - on the Moscow Exchange. For more information, please visit: www.mtsgsm.com.
* * *
Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of MTS, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify forward looking statements by terms such as "expect," "believe," "anticipate," "estimate," "intend," "will," "could," "may" or "might," and the negative of such terms or other similar expressions. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. We do not undertake or intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. We refer you to the documents MTS files from time to time with the U.S. Securities and Exchange Commission, specifically the Company's most recent Form 20-F. These documents contain and identify important factors, including those contained in the section captioned "Risk Factors" that could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, the severity and duration of current economic and financial conditions, including volatility in interest and exchange rates, commodity and equity prices and the value of financial assets; the impact of Russian, U.S. and other foreign government programs to restore liquidity and stimulate national and global economies, our ability to maintain our current credit rating and the impact on our funding costs and competitive position if we do not do so, strategic actions, including acquisitions and dispositions and our success in integrating acquired businesses, potential fluctuations in quarterly results, our competitive environment, dependence on new service development and tariff structures, rapid technological and market change, acquisition strategy, risks associated with telecommunications infrastructure, governmental regulation of the telecommunications industries and other risks associated with operating in Russia and the CIS, volatility of stock price, financial risk management and future growth subject to risks.
* * *
31.05.2018 MSK Dissemination of a Corporate News, transmitted by EquityStory.RS, LLC - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The EquityStory.RS, LLC Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de