February 15, 2017 / 12:36 PM / 6 months ago

Russia's MTS says to buy back shares worth 4.65 bln roubles from Sistema

MOSCOW, Feb 15 (Reuters) - Russia's biggest mobile phone operator MTS said on Wednesday it would repurchase 16 million of its shares from its parent company Sistema for 4.65 billion roubles ($81 million).

MTS will also buy the same number of shares for the same price from its minority shareholders, it added in a statement. ($1 = 57.4737 roubles)

Reporting by Polina Devitt; writing by Alessandra Prentice; editing by Polina Devitt

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