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Mobile TeleSystems OJSC (MTS OJSC) was created through the merger of MTS CJSC and its wholly-owned subsidiary, RTC CJSC, in March 2000. The company began operating in the Russian capital, Moscow, which is still its principal market, in 1994.
MTS is the largest mobile phone operator in Russia and the CIS. Together with its subsidiaries, the company provides GSM services to over 52.4 million customers, in a licence footprint area covering a population of 233.1 million in 86 out of 88 regions in Russia and the territories of Ukraine, Belarus, Uzbekistan, and Turkmenistan.
MTS completed its IPO and listed its Level III ADRs on the New York Stock Exchange in July 2000, under the symbol MBT. The company’s shares have been listed locally on MICEX since November 2003, under the symbol MTSI. Its GDRs are also traded in Europe. The free float of the company’s shares is approximately 47%. MTS is 52.8% majorityowned by Sistema, the largest private sector consumer services company in Russia and the CIS.
