MTS invests in YouDo, a gig economy platform

MTS (NYSE: MBT, MOEX: MTSS), Russia’s leading telecom operator/digital service provider and a Sistema company, has acquired a 13.7% stake in YouDo Web Technologies Limited (Cyprus), one of the largest Russian online service providers matching freelance labour demand and supply for everyday and business tasks.

YouDo ( is the leader in the labour exchange market for cleaning, repair, freight, courier delivery and other services in the C2C and B2B segments. The service has 5 mln registered users and operates in five of Russia’s largest cities: Moscow, St. Petersburg, Nizhny Novgorod, Kazan and Yekaterinburg. All contractors are screened by the platform and evaluated by users.

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Mobile TeleSystems PJSC (“MTS” - NYSE:MBT; MOEX:MTSS), the leading telecommunications group in Russia and the CIS, provides a range of mobile, fixed-line and digital services. MTS serves over 100 million mobile subscribers in Russia, Ukraine, Armenia, and Belarus, and about 9 million customers of fixed-line services, including fixed voice, broadband internet, and pay-TV. To keep pace with evolving customer demand, MTS is redefining what telecommunications services are by offering innovative products beyond its core network-related businesses in various tech segments, including Big Data, financial and banking services, internet of things, OTT, cloud computing, systems integration and e-commerce. MTS leverage the market-leading retail network as a platform for customer services and sales of devices and accessories. MTS maintains its leadership in the Russian mobile market in terms of revenue and profitability. MTS is majority-owned by Sistema PJSFC. Since 2000, MTS shares have been listed on the New York Stock Exchange and since 2003 - on the Moscow Exchange. For more information, please visit:

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