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Govt sets 2 November date to launch MTS auction process


According to TeleGeography News agency BelTA reports that the government of Belarus will launch a presentation on the 2 November 2012 to launch the states proposed sale of its 51% stake in its mobile joint venture with Russian powerhouse Mobile TeleSystems, MTS Belarus.

According to Ella Chazova, a spokeswoman for the Ministry of Communications and Information Technologies, the aim of the presentation is to identify potential buyers for the states equity valued at around USD1 billion with 49% shareholder MTS Russia seen as a likely bidder.

The date of the auction has yet to be finalised.

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