CEO: MTS mgmt to give recommendations on NYSE listing in 1–2 mos

MOSCOW, Aug 20 (PRIME) -- The management of MTS, Russia’s biggest mobile operator, has discussed with shareholders of a further strategy of presence on the stock markets and will present listing recommendations to the board of directors in a month or two, CEO Alexei Kornya told reporters on Tuesday.

“We’ve almost ended consultations with the shareholders. Internal discussions are in progress, and almost all options, including keeping the current structure of listing, are on the table,” Kornya said.

“Probably we’d miss the deadline we wanted to come back with our recommendations slightly. It could take a couple of months, one or two, or quicker. There is an internal discussion, which will produce the results we deem reasonable.”

The operator earlier planned to share its plans on listing by September.

MTS said in February it could revise its presence on the markets and would assess the necessity of its listing on the NYSE and consider the Moscow Exchange as the main floor.

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