Mobil'nye TeleSistemy OAO Interested In Developing Tele2 AB Assets With VTB Bank OAO; May Join Vimpelcom Ltd For Bid-Reuters


Monday, 8 Apr 2013 05:30pm EDT 

Reuters reported that Mobil'nye TeleSistemy OAO wants to help develop the local assets of Tele2 AB with Russian state-owned bank VTB Bank OAO. Tele2's Russian unit was recently sold to VTB, although MTS has complained that its bid was significantly higher than the eventual purchase price of $3.5 billion. MTS's chief financial officer Alexei Kornya said there was little the Company could do after its joint bid with Vimpelcom Ltd for $4.0-4.25 billion failed. Tele2 disclosed that its deal with VTB included a provision that it has the rights to half the profit obtained by the state bank if VTB resells Tele2 Russia within a year. 

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