Belarus Cancels Latest Attempt to Sell MTS Stake
Published on: 7th Feb 2014
Note -- this news article is more than a year old.
By: Ian Mansfield
The latest of many attempts by the Belarussian government to sell its 51% stake in MTS Belarus has been cancelled due to a lack of interest from buyers.
The government had been seeking USD1 billion for the stake, but lowered it a fraction to USD863 million.
The government has repeatedly tried to sell the stake, but practically all observers agree that the price being asked is far too high for the company. Estimates have put the value of the entire company at not much more than the price the government is seeking for the 51% stake.
Its 49% co-owner, MTS has previously indicated that it might buy the stake, but only at a sensible price, and if it were sold to a competitor, might put its stake up for sale instead.