MTS remains focused on Russia, despite European opportunities

21 Jun 2012

Mobile TeleSystems (MTS), Russia’s largest mobile operator by subscribers, has indicated to Bloomberg that it is maintaining its focus on the domestic market amid increasing opportunities across Europe. Citing the numbered of European assets that have suffered during in the ongoing economic downturn, Josh Tulgan, MTS’s investor relations officer, told the news agency: ‘Obviously, we look at opportunities, though the company doesn’t have an active goal to expand beyond its current market. You can characterize some assets in Europe as borderline distressed. Our focus is maximising value on the Russian market and the Ukrainian and the Belarusian markets’.

According to TeleGeography’s GlobalComms Database, MTS currently lists overseas subsidiaries in Ukraine (MTS Ukraine), Uzbekistan (MTS Uzbekistan), Turkmenistan (MTS Turkmenistan), Armenia (VivaCell-MTS) and Belarus (MTS Belarus).

Russia, Mobile TeleSystems (MTS)