MTS acquires 100% of ReCom

3 Jan 2006

Russian mobile operator Mobile TeleSystems (MTS) has bought the remaining 46.1% stake that it didn’t previously own in ReCom, its GSM subsidiary in the Central Federal District of Russia. The holding was acquired from local private firms for USD110 million and raises MTS’ stake in ReCom to 100%. The integration of ReCom follows the earlier consolidation of numerous other domestic subsidiaries in 2005.

Russia, Mobile TeleSystems (MTS), ReCom