Apple, MTS agree on iPhone sales in Russia

MOSCOW, Aug 21 (Reuters) - Apple Inc (AAPL.O: Quote, Profile, Research) has agreed with Mobile TeleSystems (MBT.N: Quote, Profile, Research) (MTS) on the sale of iPhones in Russia and retail sales will begin in October, a market source told Reuters on Thursday.

"MTS has made an agreement with Apple on the sale of i-Phones," the source said. "Sales are likely to begin in October."

A spokeswoman for MTS, Russia's largest mobile phone operator, declined to comment. Apple also declined to comment. (Reporting by Anastasia Teterevleva, writing by Guy Faulconbridge, editing by Melissa Akin)