Russian mobile subscriptions down in first quarter

MOSCOW, June 17 (Reuters) - Russian mobile phone subscriptions stood at 238.4 million at the end of the first quarter, down two million from the previous quarter and three million lower than a year earlier, data from market research group AC&M showed on Wednesday. AC&M said the first quarter was the first time that all mobile operators in Russia had posted net subscription losses. Overall penetration in Russia fell to 166.8 percent in the first three months of 2015, down from 168.2 perce