Russia's Mobile TeleSystems (MTS) recently announced the 100% acquisition of Multiregional TransitTelecom (MTT), one of the top-10 largest telecom companies in Russia and a leading provider of intelligent connectivity solutions for businesses, for RUB 5.0 bn.
Beyond offering traditional B2B/B20 telecom interconnect services, MTT is a major player in the promising communications-platform-as-service (CPaaS) space. The company provides a wide range of advanced CPaaS solutions for SME and enterprise clients, including cloud-based phone systems (virtual PBX) as well as telecommunications-focused application program interfaces (APIs). Telecom APIs enable software developers to easily integrate omnichannel communications — such as voice, messaging, SMS, and email — into their apps in a modular, scalable manner.
Inessa Galaktionova, MTS First VP for Telecommunications
Today, the global virtual PBX and CPaaS market is seeing exceptional double-digit growth of around 15-20% a year. While the Russian sector is still developing, we believe it is poised to take off and could outpace the global market over the next few years.
Evgeny Vasiliev, CEO, MTT Group
The deal with MTS will enable MTT to open a new page in its history. The potential synergies in telecommunications as well as cloud and voice services will unlock additional opportunities to help our companies’ business clients further digitally transform their operations.
