MTS is negotiating the purchase of online cinema

МТС ведёт переговоры о покупке онлайн-кинотеатра

The RBC, citing its sources, reported about the plans of the mobile operator MTS for the purchase of the largest Russian online cinema Now companies are under negotiations.

MTS is willing to pay for 100 percent of the shares to 20 billion rubles. However, «not all shareholders are ready to sell the company at a price». Official information about the sales representatives of both companies did not confirm.

Stock belong to several major funds, including the structure of the investment company ru-Net with a share of 22.7%, Tiger Global (19,8%), Lighthouse Strategy, Inc (17%), Finsight Investments Corp. (10,7%) and Baring Vostok.

According to RBC, this is not the first negotiations for the sale. Last year, this issue has already been discussed and then the company was estimated at 15.7 billion.

For MTS is the possibility of expanding the scope of work and increase revenues as the business of mobile and fixed networks is almost not growing, and shareholders demand better performance. In 2018, total revenue of MTS in Russia amounted to 448,1 billion.


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