Mobile TeleSystems May Sell Stake in Venture With Belarus

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OAO Mobile TeleSystems, Russia’s biggest mobile-phone operator, may sell its share of a venture with Belarus if the government carries out a plan to auction its controlling stake on the international market.

“If Belarus offers its holding for the reported price of $1 billion, we don’t exclude that we will simultaneously put ours up for sale,” said Yelena Kokhanovskaya, a Moscow-based spokeswoman for Mobile TeleSystems, which is also known as MTS.