Lower price for state-owned share in Belarusian MTS possible
15/02/2014
According to BelTA further reduction of the price for the state-owned share in the Belarusian mobile company MTS is possible. The opinion was voiced by Vice Premier of Belarus Anatoly Kalinin on 14 February, BelTA has learned.
“Consultations are going to take place now. We might or might not take the price down a notch but the tenders will continue,” said the Vice Premier.
The latest tender scheduled for 6 February to sell the state share in MTS (Mobile TeleSystems) was called off due to the absence of bids from investors.
The sale of the state share in MTS was bundled with the requirement to preserve the company’s mobile penetration percentage at least as high as the figure recorded by state statistics reports in the last fiscal period (the period before the contract to sell the share is signed).
The Belarus president will have to authorize the sale of the share, which is now in republican ownership and is managed by the Belarusian national telecommunication operator Beltelecom.
In December 2013 the initial price for the 51% share in the joint limited liability company (SOOO) MTS was set at $863 million. Bidders residing in Belarus and abroad were invited to take part in the tender. Before December 2013 the initial price for the state share in the mobile company stood at $1 billion. The first evaluation of the company was performed in 2010. The state share has been available via auctions many times since 2011 to no avail.
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MTS in Belarus
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