Russia’s VTB Group has no immediate plans to carve up Tele2 Russia and sell off the mobile operator in parts, CEO Andrei Kostin told the Prime-Tass news agency. However, he noted that VTB is likely to sell the mobile operator after its value increases. Kostin commented: ‘We will take part in raising its market value before we sell the asset. There could be several options – excluding dividing [Tele2 Russia] into small parts – for sale. Instead, there could be some mergers and the assignment of additional licenses. I think it is premature to say that we are in ‘serious talks’ with someone [on the sale]’. VTB representatives are set to work alongside the operator’s management to draw up a twelve-month plan to improve the operator’s market value, Kostin added.