MTS expands share to 100% in six local fixed-line operators

Mobile TeleSystems PJSC, Russia’s largest mobile operator and a leading provider of media and digital services, announces the exercise of a call option with Zelenaya Tochka Group, a provider of broadband and digital TV services, to buy out the remaining 49% of Zelenaya Tochka’s share capital in six local fixed-line network operators.

In February 2020, MTS acquired a 51% stake in Zelenaya Tochka Group — comprised of 13 local fixed-line internet providers — via an agreement that included a provision for a three-year call option on the remaining share capital.

“By consolidating Zelenaya Tochka’s key assets in Stavropol, Mikhaylovsk, Nevinnomyssk, Elista, and Tambov, we are speeding up the development of bundled convergent offers that combine fixed-line and mobile connectivity in a single subscription, as well as advanced digital solutions for home and office,” commented Inessa Galaktionova, MTS First Vice President for Telecommunications. “Altogether, this deal will provide opportunities to more than one million Russian households to expand access to advanced solutions from across the MTS digital ecosystem.”

Read more

News 
Ozon scales up business in Belarus, expands logistics infrastructure
13 May 2021
Segezha Packaging achieves EcoVadis Gold Level
11 May 2021
Ozon opens its largest fulfillment hub in Siberia, invests RUB 3.5bn in the region
29 April 2021
MTS launches KION video streaming platform
20 April 2021

Subscribe

Selected category
By clicking on the «Subscribe» button, you agree to the personal data processing policy.