The first IPO and srategic investments in telecom

Sistema sells its stake in VimpelCom during a successful IPO at the New York Stock Exchange, raising $110.8 mn, reinvests the profit in acquisition of a 40.4% stake in Mobile TeleSystems (MTS), and begins developing Russia's biggest telecom operator in partnership with Deutsche Telekom.

Investment in healthcare

Sistema acquires Intourist Polyclinic at Belorusskaya, reorganised as CJSC Medsi, marking the emergence of Russia's biggest private healthcare chain. The date is celebrated as the birthday of Medsi's first flagship clinicodiagnostic centre in Moscow.