Support The Moscow Times!

Belarus Extends MTS Offer

MINSK — Belarus is extending its offer to sell a 51 percent stake in its joint venture with Mobile TeleSystems for $1 billion after two failed auctions last year, Georgy Kuznetsov, chairman of the country's State Property Committee, said.

"There are more than a couple of potential buyers showing interest, but they begin to hesitate as soon as it comes to discussing the price," Kuznetsov said.

The authorities might offer a potential investor to pay $1 billion in several installments over a period of time instead of making a lump sum payment, Kuznetsov said Friday.

(Bloomberg)

Read more

The need for honest and objective information on Russia is more relevant now than ever before!

To keep our newsroom in Moscow running, we need your support.