Belarus dusts off MTS sale proposal document, yet again

13 Feb 2015

The government of Belarus will reportedly hold another tender to sell off its 51% shareholding in domestic mobile operator MTS Belarus, according to BelTA, citing the first deputy chairman of the state property committee of Belarus, Alexei Vasilyev, as saying. ‘The value of shares in MTS … remain the same in comparison with the previous attempt,’ Vasilyev added. MTS Belarus is a joint limited liability company controlled by state-owned Intercity Communications (51%) and Mobile TeleSystems (MTS) of Russia (49%). The government has tried repeatedly to offload its majority shareholding, with the high asking price proving to be a persistent stumbling block. The latest attempt took place in February 2014 but the tender received no bids despite it reducing the price of its controlling stake from USD1 billion to USD863 million, following a series of unsuccessful attempts to sell the stake at the higher price.

Belarus, Mobile TeleSystems (MTS), MTS Belarus