Economics
MTS Considers Pulling U.S. Listing as Investors Fret Over Sanctions
- Russian wireless carrier has traded in New York since 2000
- Carrier may offer investors other listing, spokeswoman says
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Mobile TeleSystems PJSC, the carrier controlled by billionaire Vladimir Evtushenkov’s Sistema PJSFC, is considering delisting from the New York Stock Exchange as the company increases its focus on Russia and investors fret about the effects of U.S. sanctions.
MTS will examine “whether or not having listing in the U.S. with associated costs continues to serve the best interests of shareholders, or whether a listing elsewhere may be preferable,” the company said Friday in an emailed statement.