Russia-based mobile operator MTS has called two shareholder EGMs early next year to discuss a range of issues.
A statement noted that “the reorganization of MTS” through the takeover of 12 companies and the “early termination of powers and election of new members” of various committees would be discussed at meetings in January and February 2013.
Meanwhile, MTS has announced the acquisition of fixed broadband provider Zheleznogorsk City Telephone Communications (ZhelGorTeleCom) for €3.7 million.
ZhelGorTeleCom is the leading player in the city of the same name with 58 percent market share and a FTTB network that covers 98 percent of households.
“MTS will leverage ZhelGorTeleCom’s FTTB infrastructure to introduce innovative products and services, including digital TV and convergent offerings,” said Dmitry Rylov, director of ’MTS Center Macro Region’.
The deal adds to MTS’ fixed-line services offering that is available in over 150 cities throughout Russia.
The company also announced that non-executive board member Paul Ostling has left after five years of service.
MTS said he was leaving to “devote himself more fully to other commercial activities”.