MTS admitted delisting from the New York Stock Exchange

One of the pioneers of foreign placements among Russian companies can make the Moscow Exchange its main platform Mobile operator MTS (controlled by AFK Sistema by Vladimir Yevtushenkov) announced the revision of its equity capital market strategy. As part of this process, the company “plans to assess, is the listing in the USA, taking into account the high costs of its maintenance, interests of shareholders, or more preferable would be listing on other sites ". Now American Depositary Receipts (ADR) MTS is listed on the New York Stock Exchange.