MTS has sold a 49.9% stake in its tower company. MTS added that BIK… (мтс · компания · долг)
MTS has sold a 49.9% stake in its tower company. MTS added that BIK owes more than 80 billion rubles, and as a result of selling its share in BIK, the company's income, liabilities, and other financial indicators will no longer be consolidated in the MTS Group's reporting.
Consensus
- MTS sold 49.9% of its stake in Bashnaya Infrastructural Company (BIC) to the closed-end investment fund 'Investments 18'.
- The sale is intended to remove BIC's debt of over 80 billion rubles from MTS's consolidated financial reporting.
- MTS will retain a 50.1% controlling stake in BIC and continue to use its infrastructure as a key long-term tenant.
- The deal includes mutual options, including the possibility for MTS to repurchase the sold stake under certain conditions.
Points of divergence
- The sale was motivated by BIC's significant debt load and the need to exclude historical debt from MTS's consolidated financial statements. — vesti
- The sale is part of a financial and corporate restructuring strategy, allowing MTS to improve its financial position and potentially monetize the asset in the future. — kommersant
Coverage (2 sources)
- MTS sells nearly half its stake in 'Bashen Infrastructure Company' — Вести
- MTS sold 49.9% of its tower company — Коммерсантъ