MTS PJSC is already negotiating with potential partners for its non-telecom lines. The operator decided to spin off these assets into separate legal entities to reduce the burden on the core business amid tightening monetary policy. This was announced during an online call with investors by the chairman of the company’s board of directors, Vyacheslav Nikolaev. RBC quotes him.
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According to Nikolaev, companies from different sectors can act as partners, some of which “may surprise.” MTS is ready to appoint partners in the first half of 2025. Only a part of them is expected to enter the capital of new companies, the rest will become partners on commercial terms and conclude contracts, Nikolaev explained.
MTS can offer partners “good opportunities in terms of loyalty programs and some IT capabilities,” the chairman added. RBC claims that MTS also does not rule out placing shares of new assets on the stock exchange.
On December 20, MTS announced that it would spin off non-telecom businesses into separate legal entities under the management of MTS Ecosystem, a 100% subsidiary of MTS. The company’s IT businesses will be brought together under the MTC Web Services brand. Additionally, in 2025, MTS will abandon high-cost M&A and ineffective areas, for example, MTS Auto and MTS Smart Home.
Author:
Ekaterina Strukova
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
