MOSCOW, April 28, 2016 /PRNewswire/ --
Mobile TeleSystems PJSC MTS (NYSE: MBT, MOEX: MTSS),
the leading telecommunications operator in Russia, announces that MTS is entering the
tower infrastructure market and invites potential partners
- organizations, agencies and communication services
operators - to apply for use of the equipment on MTS
towers.
(Logo:
http://photos.prnewswire.com/prnh/20121115/AQ14468LOGO )
MTS has devised a strategy for the development of its own
infrastructure of mobile communications towers, which, among other
things, creates a new business direction of managing existing tower
infrastructure. In addition to renting space on towers and antenna
support structures, as MTS is one of the largest owners of
fiber-optic communication lines in Russia, all potential tenants will benefit
from the possibility to rent appropriate communication
channels.
At the first stage of its implementation, MTS offers for rent
space at more than 5.5 thousand existing towers and antenna support
structures. The towers and antenna support structures available for
rent are ready for the installation of telecommunications and other
type of equipment from all would-be partners.
By the end of 2016 and beyond, MTS may gradually offer to rent
additional towers and antenna support structures to meet potential
rental demand.
To implement this strategy, MTS has created a special unit
focusing primarily on tower infrastructure rent. All the processes
are centralized and applications for the rental of antenna towers
are to be sent in free form to: towers@mts.ru
"The rental market of antenna towers in Russia has been actively evolving. As we are
diversifying our business, we announce that we are ready to offer
our facilities for rent for any tenant. In the first phase, we are
prepared to rent more than 5,500 towers in operation and our
further development in this field will depend upon the mix of the
demand from potential partners and our technical capabilities",
said vice-President of MTS on Technology and IT Andrey
Ushatsky.
"Today we are pleased to invite all the interested organizations
and agencies to partner with MTS for mutually beneficial
cooperation. Our business-model allow us to provide potential
tenants with favorable financial conditions. We would also like to
announce that for our partners' added convenience, we have devised
a simple contract structure that does not require long-term
obligations, additional fees for access to infrastructure,
penalties for early termination and other factors that potential
tenants will find attractive", added Mr. Ushatsky.
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* * *
Mobile TeleSystems PJSC ("MTS" - NYSE:MBT; MOEX:MTSS) is the
leading telecommunications group in Russia, Central and Eastern Europe. We provide wireless
Internet access and fixed voice, broadband and pay-TV to over 100
million customers who value high quality of service at a
competitive price. Our wireless and fixed-line networks deliver
best-in-class speeds and coverage throughout Russia, Ukraine, Armenia, Turkmenistan, Uzbekistan and Belarus. To keep pace with evolving customer
demand, we continue to grow through innovative products,
investments in our market-leading retail platform, mobile payment
services, e-commerce and IT solutions. For more information, please
visit: http://www.mtsgsm.com.
* * *
Some of the information in this press release may contain
projections or other forward-looking statements regarding future
events or the future financial performance of MTS, as defined in
the safe harbor provisions of the U.S. Private Securities
Litigation Reform Act of 1995. You can identify forward looking
statements by terms such as "expect," "believe," "anticipate,"
"estimate," "intend," "will," "could," "may" or "might," and the
negative of such terms or other similar expressions. We wish
to caution you that these statements are only predictions and that
actual events or results may differ materially. We do not undertake
or intend to update these statements to reflect events and
circumstances occurring after the date hereof or to reflect the
occurrence of unanticipated events. We refer you to the documents
MTS files from time to time with the U.S. Securities and Exchange
Commission, specifically the Company's most recent Form 20-F. These
documents contain and identify important factors, including those
contained in the section captioned "Risk Factors" that could cause
the actual results to differ materially from those contained in our
projections or forward-looking statements, including, among others,
the severity and duration of current economic and financial
conditions, including volatility in interest and exchange rates,
commodity and equity prices and the value of financial assets; the
impact of Russian, U.S. and other foreign government programs to
restore liquidity and stimulate national and global economies, our
ability to maintain our current credit rating and the impact on our
funding costs and competitive position if we do not do so,
strategic actions, including acquisitions and dispositions and our
success in integrating acquired businesses, potential fluctuations
in quarterly results, our competitive environment, dependence on
new service development and tariff structures, rapid technological
and market change, acquisition strategy, risks associated with
telecommunications infrastructure, governmental regulation of the
telecommunications industries and other risks associated with
operating in Russia and the CIS,
volatility of stock price, financial risk management and future
growth subject to risks.
* * *
For further information, please contact in Moscow:
Joshua B. Tulgan
Director, Department of Corporate Finance and Investor
Relations
Mobile TeleSystems PJSC
Tel: +7 495 223 2025
E-mail: ir@mts.ru
Learn more about MTS. Visit the official blog of the Investor
Relations Department at http://www.mtsgsm.com/blog/
SOURCE Mobile TeleSystems (MTS)