OREANDA-NEWS. Mobile TeleSystems OJSC ("MTS" - NYSE: MBT), the leading telecommunications operator in Russia and the CIS, announces that its wholly-owned subsidiary, MTS Ukraine (or 'the Company'), has sold base stations, network infrastructure, IT and telecom equipment and certain other assets located in Crimea, through an open tender procedure, to two private investors for a total price of EUR 17.7 mln.

Previously, on August 06, 2014, MTS suspended its operations in Crimea due to technical issues that have curtailed the Company's ability to provide telecommunication services for its customers.

In 2013, revenues from operations in Crimea amounted to UAH 980 mln or approximately 9.8% of the company's total revenue from Ukraine.

Mobile TeleSystems OJSC ("MTS") is the leading telecommunications group in Russia and the CIS, offering mobile and fixed voice, broadband, pay TV as well as content and entertainment services in one of the world's fastest growing regions. Including its subsidiaries, the Group services over 100 million mobile subscribers. The Group has been awarded GSM licenses in Russia, Ukraine, Turkmenistan, Armenia and Belarus, a region that boasts a total population of more than 200 million. Since June 2000, MTS' Level 3 ADRs have been listed on the New York Stock Exchange (ticker symbol MBT). Additional information about the MTS Group can be found at www.mtsgsm.com