Government to put its stake in MTS up for sale

The government’s stake in Mobile TeleSystems (MTS) is expected to go for sale this year, announced the State Property Fund of the State Property Committee.

“Necessary documents have been prepared to sell the state share in the mobile operator at an auction,” said representative of the State Property Fund Anna Korniyevich. In her words, the issue is about 51% of the shares. The documents will soon be submitted to the President of Belarus.

The Belarusian-Russian joint limited liability company Mobile TeleSystems has been providing GSM 900/1800 cellular communication services in Belarus since 2002. The company’s founders are Russian Mobile TeleSystems (49% of the authorized capital) and the Belarusian landline communication monopoly Beltelecom (51%).

Russia’s top mobile operator MTS is among the largest telecommunication operators in Russia and the CIS countries. Together with its subsidiaries, the company has a more than 100-million subscriber base. Apart from GSM services, the mobile operator has a 3G license connecting subscribers in Russia, Belarus, Armenia and Uzbekistan. Besides, MTS has been developing services in CDMA-450 standards in Ukraine and launched a LTE network in Uzbekistan and Armenia in 2010.

According to