Government Presence Limits Investment

摘要

State-owned telecoms provider, Beltelecom and Russian operatornMobile TeleSystems (MTS) have 'prolonged the permission' to sellnthe state's 51% share in the partnership company MTS Belarus tona third party. The state is still actively looking for a buyer but hasnrefused to lower the asking price of US$1bn for the majority share innthe company, despite the lack of interest this has generated. MTS hasnnot budged on meeting the asking price for the rest of the company,nand the sale remains at an impasse unless a third party can be found.