Belarus says no price cut for MTS venture stake
MINSK (Reuters) - Belarus will not lower the price for the state's stake in a mobile phone joint venture with Russian group MTS, President Alexander Lukashenko told Reuters on Tuesday.
Belarus last year set a $1 billion price for its 51 percent stake in the firm - the country's biggest mobile operator with 5 million active users - but failed to attract any bidders.
"MTS is a very profitable company. We are in no hurry to sell it," Lukashenko said in an interview. "Today the controlling stake is worth more than $1 billion. If you don't want to buy for $1 billion, we shall wait."
Russia's top mobile phone operator MTS, which owns the other 49 percent, had earlier expressed interest in buying out the Belarussian state, but considered the price too high.
Belarus plans another attempt at the sale at the end of this year or beginning of 2013.
- Boy and girl on Korean ferry drowned with life jackets tied together |
- Children's corpses reveal desperate attempts to escape Korean ferry |
- UPDATE 4-Boy and girl on Korean ferry drowned with life jackets tied together
- Ukraine forces kill up to five rebels, Putin warns of consequences |
- Obama reaffirms commitment to Japan on tour of Asia allies