MTS acquires 95% stake in Metro-Telecom

7 Sep 2010

Russian telco Mobile TeleSystems (MTS) has acquired a 95% stake in Metro-Telecom from Svyazinvest, a wholly owned subsidiary of Sistema. According to a company statement, MTS acquired the stake for RUB339.35 million (USD11.01 million). The acquisition of Metro-Telecom, which currently operates an optical fibre network in Moscow, is likely to precede MTS’ entrance into the Moscow broadband market.

Russia, Mobile TeleSystems (MTS)