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Belarus May Accept Lower Bids for Stake in MTS

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The Belarus government is confident that it will sell its majority stake in the local MTS mobile network, but has also hinted that it might lower the price it expects.

The government recently said that it is still looking to raise US$800-900 million from the sale of its 51% stake in MTS Belarus, despite years of failing to raise a similar amount from previous sales.

The other half of the mobile network is owned by Russia's MTS -- which has previously indicated an interest in buying out the stake, but at a far lower valuation.

Belarus' Vice Premier, Anatoly Kalinin says that they have had approaches from representatives in Kazakhstan and Russia, without naming them.

"But we will not be able to sell higher than the market value," he added, in a marked admission that the price the government has been seeking in recent years has been unrealistic.

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Tags: mts  Belarus