MTS buys Svyaznov stake in major retail move

MTS buys Svyaznov stake: Russia’s biggest mobile phone operator, MTS has been given government approval to buy a 49% in the Svyaznov mobile phone retailing company. Svyaznov runs more than 3,300 stores in 900 Russian cities and was last year valued at between $600m and $800m. The Moscow Times