MTS buys share of Zelenaya in fixed-line network push

MTS, Russia’s largest mobile operator, will buy the remaining 49 percent of Zelenaya Tochka’s share in six local fixed-line network operators.
MTS 4G Russia
In February 2020, MTS acquired a 51 percent stake in Zelenaya Tochka Group — comprised of 13 local fixed-line internet providers — via an agreement that included a provision for a three-year call option on the remaining share capital.

“By consolidating Zelenaya Tochka’s key assets in Stavropol, Mikhaylovsk, Nevinnomyssk, Elista, and Tambov, we are speeding up the development of bundled convergent offers that combine fixed-line and mobile connectivity in a single subscription, as well as advanced digital solutions for home and office,” said Inessa Galaktionova, MTS First Vice President for Telecommunications.