OAO Mobile TeleSystems dropped to the lowest level in two weeks as Russia’s Foreign Ministry said it is “concerned” after company officials were arrested in Uzbekistan at the end of June.
MTS shares lost 0.8 percent to 223.81 rubles by the close in Moscow, the lowest since July 12.
Russia has made Uzbekistan “officially aware” of its concern, according to the statement on the Foreign Ministry’s website. The wife of the arrested head of MTS’s Uzbek unit has written a letter to Russian President Vladimir Putin, the statement said.
Uzbek authorities froze the license of MTS’s local unit for 10 days on July 17, citing violations and tax claims.
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