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Russian telecommunications company, is selling its Ukrainian business in Azerbaijan

Ukraine

Russia's MTS sells its Ukrainian unit for 734 million dollars to pay a special dividend.

Russian telecommunications company, is selling its Ukrainian business in Azerbaijan

the Largest Russian mobile operator MTS said on Monday that it has agreed to sell its Ukrainian business Azerbaijan Bakcell LLC for 734 million dollars.

the Company also said that its Board of Directors approved a special dividend of $ 13.25 rubles (approximately 0,2076 US dollar) per ordinary share, or 26.5 billion rubles.

"Given the small share of Ukrainian operations in our overall business, we reaffirm our commitment to implement our new dividend policy and continue to bring attractive returns for our shareholders", - said General Director of MTS Alexey Root.

it is Expected that the transfer of shares VF Ukraine controlled by Bakcell company Telco Solutions and Investments LLC will be completed soon, is spoken in the message of MTS.

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