MTS

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MTS is a Russian telecommunications company involved in diversified business operations, including IT services and retail through its network of over 4,200 stores. The company reported strong growth in non-telecom segments, which accounted for 42% of group revenue in 2025, with a 23.3% year-on-year increase in this segment's revenue to 95.2 billion rubles. MTS has engaged in financial restructuring by selling a majority stake in its tower infrastructure subsidiary BIC to an investment fund while retaining control and using BIC as a key tenant for its infrastructure needs.

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