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EX-Date
10/9/14
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Current Stock Chart for MOBILE TELESYSTEMS-144A GDR (MOTAY)

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mobile telesystems-144a gdr (MOTAY) Details

Mobile TeleSystems OJSC provides a range of mobile and fixed line voice and data telecommunications services in Russia and the CIS. It offers data transfer, broadband, pay-TV, and various value-added services, as well as sells equipment and accessories. The company also provides network and Internet access facilities; and SMS-based value-added services. In addition, it provides various telecommunications services to corporate clients, such as design, construction, and installation of local voice and data networks that interconnect with fixed line operators; installation and maintenance of cellular payphones; lease of digital communication channels; access to open computer databases and data networks, including the Internet; and provision of fixed, local, and long-distance telecommunications services, as well as video conferencing. As of December 31, 2013, the company served approximately 102.4 million mobile subscribers. Mobile TeleSystems OJSC has a strategic partnership with Vodafone. The company was founded in 1993 and is headquartered in Moscow, the Russian Federation.

67,715 Employees
Last Reported Date: 04/24/14
Founded in 1993

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mobile telesystems-144a gdr (MOTAY) Key Developments

MTS Wins St Petersburg City Contract by Charging Nominal Fee

MTS has won a tender to provide mobile communication services to the St Peterburg municipal council. The operator has reduced its charges drastically, offering to provide the services for RUB 0.01 in the first quarter of 2015. The initial value of the contract totaled RUB12.7 million. Megafon's bid amounted to RUB 299,000 and the bid from Beeline totaled RUB 6.7 million. The services will be provided for almost 5,000 staff members of the municipality.

Mobile Telesystems OJSC and VimpelCom to Develop and Share LTE Networks in Russia

Mobile TeleSystems OJSC announced that it has partnered with VimpelCom to jointly roll-out and utilize LTE networks in 36 Russian regions. MTS and VimpelCom have signed a partnership agreement to jointly plan, develop and use LTE networks in Russia. Under the agreement, in 2014 - 2016, MTS will develop shared mobile data networks in 19 regions in Russia, while VimpelCom will construct networks in 17 regions. For a period of seven years, operators will share base stations, sites, transport networks and other infrastructure in 36 regions. The agreement will not preclude either company from develop their own networks in addition to shared infrastructure in the designated regions.

Nogotkov Reportedly Resumes Talks To Sell Minority Stake Of Svyaznoi To MTS

Svyaznoi (Svyaznoy Group) owner Maksim Nogotkov has resumed talks to sell a minority stake in the group to Mobile Telesystems OJSC (NYSE:MBT) (MTS), a source at MTS, two sources at MTS' parent company Sistema JSFC (MICEX:AFKS), and a source close to The ONEXIM Group told RosBusinessConsulting Database. A source at MTS noted that the acquisition of the minority stake had been complicated from the legal point of view. "There are quite a few players involved in this story, so far we have been talking only with Maksim (Nogotkov), but these are not one-to-one talks and a possible decision that we may reach will require an approval of creditors," the same source said. A representative of Onexim emphasized that no deal was possible without Onexim, the creditor of Svyaznoy. According to sources close to Onexim and Sistema, there was a possibility that the deal would fall through, because Onexim was more interested in returning the money with interests than in the assets. If a buyer of Svyaznoy agrees to repay Nogotkov's debt to Onexim, everyone would agree to this arrangement, a source at Sistema said.

 

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Company Last Change
KCell JSC 1,749 +149.00
Rostelecom OJSC 85.72 RUB -1.32
MegaFon OAO 883.00 RUB +12.00
Tele2 AB kr95.70 SEK -0.35
VimpelCom Ltd $4.08 USD -0.255
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