As Finam.ru learned, Mobile TeleSystems (MTS), Russias No. 1 wireless company, is in takeover talks with K-Telecom, Armenias largest cellular company. Representatives of the Russian wireless operators press service have neither confirmed nor denied reports about the negotiations. We are interested in the Armenian market and a number of other regions, but we make no comments on this specific asset MTS spokesmen told Finam.ru. However, a source close to the talks told the news agency that the transaction is at the advanced stage. No parameters of the deal have been disclosed so far.
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[Source: Russian Stock Market Blog]
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