Russia’s largest cellco Mobile TeleSystems (MTS) has announced it has agreed an amendment to the put option it has on the outstanding 26% stake in Uzdunrobita. MTS acquired a 74% stake in Uzdunrobita for USD121 million in August 2004. At the time of the transaction MTS signed a three year put and call agreement with the remaining shareholders to purchase the remaing share capital for a minimum price of USD37.7 million. The amendment eliminates the call option and extends the exercise period of the put option to 14 July 2008. The purchase price will be determined by an international investment bank to be selected jointly by both parties within ten days of the date of service of a put notice.
Have feedback, corrections, or story ideas? Send them to firstname.lastname@example.org.
Browse Past Issues
Filter CommsUpdate by the following categories or use the search.
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors