MTS completes acquisition of six telecommunications companies

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AK&M 03 August 2020 13:58

MTS has completed the acquisition of six telecommunications companies, according to the company's Unified State Register of Legal Entities.

In particular, the following companies have been merged into MTS: JSC Sibintertelecom, JSC RIKT, JSC Teleservice, PROGTECH-Yug LLC, Envision - Consulting LLC, Avantazh LLC.

The changes to the register were made on July 31.

Mobile TeleSystems PJSC (MTS, tax number: 7740000076) and its subsidiaries provide services to about 100 million subscribers in Russia, Armenia, Belarus, Ukraine, and Turkmenistan. The company also provides fixed-line telephony and cable television services in all federal districts of Russia and in Ukraine.

The company's authorized capital is RUB 199.84 million. It consists of 1,998,381,575 placed ordinary shares.

IFRS profit of MTS for 2019 attributable to the company's shareholders increased 8 times to RUB 54.2 billion from RUB 6.8 billion a year earlier. Revenue grew by 5.5% to RUB 476.1 billion from RUB 451.5 billion, adjusted OIBDA by 2.8% to RUB 210.3 billion from RUB 204.6 billion.

IFRS profit attributable to MTS shareholders for the first quarter of 2020 increased by 0.8% to RUB 17.7 billion from RUB 17.6 billion a year earlier. Revenue increased by 8.9% to RUB 119.6 billion from RUB 109.8 billion, adjusted OIBDA went up 1.6% to RUB 51.5 billion from RUB 50.7 billion.