Sistema’s MTS shares freed from court sanction

5 Mar 2018

Russia’s Sistema group, parent of Mobile TeleSystems (MTS), has had its shareholdings ‘released’ by an arbitration court, after a previous decision ordered the ‘arrest’ of part of its stake in the mobile and fixed broadband operator, alongside other ownership interests, due to a corporate dispute with Rosneft and Bashneft over dividends. Sistema reached a compensation settlement with the plaintiffs, prompting the Arbitration Court of Bashkiria to withdraw the share sanction, Russian news site TelecomDaily reported.

Russia, Mobile TeleSystems (MTS), Sistema