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Mobile TeleSystems (MBT)

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  • Mar. 18, 2014, 12:40 PM
  • Apr. 2, 2013, 2:19 PM
    Russian carriers Vimpelcom (VIP +3.3%) and MTS (MBT +0.6%) remain committed to bidding for buying rival Tele2 Russia, even though Tele2 Russia's parent company has effectively dismissed their $4B-$4.25B offer. Sweden-based Tele2 says it was aware of all options before agreeing to sell ts Russian ops to state bank VTB for $3.5B in a deal that gives it rights (for 12 months) to half of any profits VTB gets from a resale.
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  • Mar. 28, 2013, 1:56 PM
    Russian mobile carriers VimpelCom (VIP +0.2%) and Mobile TeleSystems (MBT +0.3%) are prepared to offer $4B-$4.25B for rival Tele2 Russia, Bloomberg reports. Though Sweden-based Tele2 has already agreed to sell its Russian ops to local bank VTB for $2.4B + assumed debt, there have been reports of third-party interest. Billionaire Mikhail Fridman's Alfa Group might also join the fray.
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Company Description
Mobile Telesystems OJSC provides telecommunications services including voice and data transmission, internet access, pay TV, various value added services through wireless and fixed lines and sells equipment and accessories.
Sector: Technology
Country: Russia