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MTS plans Rbs10bn share buyback, Sistema stake to fall below 50%

Connectivity BusinessbyConnectivity Business
October 31, 2016
in Financing, Space Services
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Russia’s largest mobile operator Mobile TeleSystems (MTS) intends to buy back up to Rbs10bn (US$157.7m) of its shares from majority shareholder Sistema and smaller investors. Sistema president Mikhail Shamolin said the transaction will “allow the corporation to raise additional funds for investments while retaining its effective controlling stake in MTS, which is in line with our strategic priorities”.  Russia’s […]

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Tags: Credit SuisseEuropeMobile TeleSystems (MTS)PremiumSistemaTF250
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