Bloomberg News

Sistema Plans to Start Share Buyback; May Also Buy MTS Stock

October 03, 2011

Oct. 3 (Bloomberg) -- Russia’s AFK Sistema said it plans to start “immediately” buying its ordinary shares and global depositary receipts.

Sistema is also considering purchases of OAO Mobile TeleSystems’ ordinary shares and or American depositary receipts. The total value of these purchases will be as much as $100 million.

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To contact the reporter on this story: Maria Ermakova in London at mermakova@bloomberg.net

To contact the editor responsible for this story: Peter Branton at pbranton@bloomberg.net


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