Acquisition of NIS and M2M Telematics
Sistema acquired 51% of OJSC NIS (25.5% from RTI-Systems Concern and 25.5% from SITRONICS) – the federal operator of satellite navigation services responsible for commercialization of the Russian satellite navigation system GLONASS. The Corporation also bought a 51% stake in M2M Telematics, which operated in the market of satellite traffic monitoring. In 2012, a controlling stake in M2M Telematics was transferred to NIS, which subsequently was integtated into MTS Group.