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Mobile TeleSystems buying back Sistema shares for $81M

  • Mobile TeleSystems (NYSE:MBT) says it plans to buy back 16M shares from Sistema, its parent company.
  • That will come to about 4.65B rubles, a little over $81.3M.
  • It's doing an identical transaction with minority shareholders, buying the same number of shares for the same price.

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MBT--
Mobile TeleSystems Public Joint Stock Company