Russia’s Mobile TeleSystems (MTS) has announced the 100% acquisition of Multiregional Transit Telecom (MTT) for RUB5.0 billion (USD69 million) on an enterprise value basis. MTT is established as a major provider of B2B and B2O long-distance telecoms carrier/transit/interconnect services, and is also a significant player in the communications-platform-as-a-service (CPaaS) segment, as well as offering MVNO and Mobile Virtual Network Enabler (MVNE) services. MTT provides a wide range of advanced CPaaS solutions for SME and enterprise clients, including Unified Communications, cloud-based phone systems (virtual PBX), plus telecommunications-focused application programme interfaces (APIs). Telecom APIs enable software developers to easily integrate omnichannel communications – such as voice, messaging, SMS, and email – into their apps in a modular, scalable manner, MTS highlighted in its press release.
Inessa Galaktionova, MTS First VP for Telecommunications, commented: ‘Today, the global virtual PBX and CPaaS market is seeing exceptional double-digit growth of around 15%-20% a year. While the Russian sector is still developing, we believe it is poised to take off and could outpace the global market over the next few years. Acquiring an established player will enable us to jump start our portfolio, accelerating our ambition to become a market leader in the segment. By integrating MTT’s solutions we can better meet the market’s growing needs for reliable, real-time customer communication, which is particularly important in high-growth tech sectors such as e-commerce, telemedicine, e-ticketing, and ride-hailing and delivery.’
The acquisition has received all necessary approvals, including from Russia’s Federal Antimonopoly Service (FAS).