MTS shareholders voting on new tower, network, digital infrastructure subsidiaries

2 Sep 2021

Shareholders of Russian mobile and fixed network operator Mobile TeleSystems (MTS) will vote at an extraordinary general meeting (EGM) on 30 September 2021 to approve a series of group reorganisation initiatives put forward by its Board of Directors, including:

• the separation of MTS’ passive infrastructure (towers and related assets) into a wholly-owned subsidiary, Tower Infrastructure Company (TIC)

• the separation of a significant share of MTS’ active network and digital infrastructure (fixed line, data centre and cloud computing) into a wholly-owned entity, MWS-1

• the follow-on integration of MWS-1 into MTS’ existing wholly-owned subsidiary MTS Web Services (MWS).

Russia, Mobile TeleSystems (MTS)