Support The Moscow Times!

MTS Cancels Buyback

Mobile TeleSystems canceled the Jan. 24 offer to buy back $400 million of dollar bonds due January 2012, the company said in an e-mailed statement Friday.

The tender offer was terminated after the English High Court of Justice issued a freezing order on the company’s subsidiary MTS Finance on Jan. 26. MTS may consider “further actions with respect to the notes.”

(Bloomberg)


Read more

Independent journalism isn’t dead. You can help keep it alive.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

Please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world's largest country.