Mobile TeleSystems (MTS), a digital ecosystem, announces the closing of a transaction for the sale of 100% of the shares of its subsidiary in the Republic of Armenia, MTS Armenia CJSC (trademark Viva-MTS) to Fedilco Group Limited (Republic of Cyprus).
The transaction also included MobiDram CJSC, a payment system providing financial services in the Armenian market, a 100% subsidiary of MTS Armenia.
MTS received all corporate approvals necessary for the transaction, as well as permits from the regulatory authorities of the Republic of Armenia: the State Commission for the Protection of Economic Competition and the Public Services Regulatory Commission.
MTS is Russia’s ecosystem providing network-native digital services and largest mobile operator. The company offers a full range of solutions for consumers and business customers across wireless and wireline connectivity; over-the-top, linear, and satellite television; digital-first banking and financial services; as well as unified communications, cloud computing and IoT.
