MTS to apply for full listing in Russia - 25 March, 2003

Russia's largest mobile operator, Mobile TeleSystems (MTS), said on Monday it would apply for a full listing in Russia in addition to its listing on the New York Stock Exchange. "MTS will take all necessary steps, to the extent required under Russian legislation, to obtain as soon as practicable but no later than September 30, 2003 a listing of MTS's shares on a Russian stock exchange," the company said in a statement. MTS said it was seeking the listing to facilitate Deutsche Telecom's plan to sell a five percent chunk of its 40 percent stake in MTS on the open market, Russia Journal reported.