TelecomTV TelecomTV
  • News
  • Videos
  • Channels
  • Events
  • Directory
  • Smart Studio
  • Surveys
  • Debates
  • Perspectives
  • DSP Leaders World Forum
  • DSP Leaders
  • Great Telco Debate
    • |
    • Follow
    • |
    • Subscribe
  • |
  • More
  • Webcasts
  • Surveys
  • Debates
  • Perspectives
  • Great Telco Debate
  • |
  • Follow TelecomTV
  • |
    • Subscribe
    • |
  • About
  • Privacy
  • Help
  • Contact
  • Follow TelecomTV
  • About
  • Privacy
  • Help
  • Contact
  • Sign In Register Subscribe
    • Subscribe
    • Sign In
    • Register
  • Search

Tracker

TelecomTV TRACKER

Sourced by TelecomTV's TRACKER platform
from MTS News

Tracker

MTS invests in OZON

Via MTS News

Mar 8, 2018

07 March 2018

Moscow, Russia - MTS PJSC (NYSE: MBT, MOEX: MTSS), the leading telecommunications provider in Russia and the CIS, invested RUB 1.15bln in the development of Ozon Holdings (OZON) through an additional share issuance. As a result, MTS's stake in the authorized capital of Ozon will increase from 11.2% to 13.7%.

Alexei Kornya, Vice President, Finance, Investment, Mergers and Acquisitions, commented,

"Since 2014, we have worked both through our investment in and in partnership with Ozon. During this time, Ozon has seen exceptional revenue growth and improved operational performance. Now, however, is an opportune time to expand, and we believe that Ozon can use the additional resources to increase its reach and further improve its efficiency. All the while, we continue to gain valuable insight into the Internet economy as we boost our own e-commerce efforts and pursue our 3D strategy by expanding the digital services available to our clients. Given our recent acquisitions of Tiсketland.ru and Ponominalu.ru, our investments in OZON support MTS evolution into a strong Internet player by enhancing our position in online retail."

MTS also signed option agreements, which give the Company right to acquire shares within 12 months from the date of signing for up to RUB 582 million, which would allow to increase its stake to 14.7%.

MTS became the shareholder of OZON in April 2014 through acquisition of 10.8% shares for USD 75mln. Then MTS increased its stake to 11.2% throughout a series of transactions with minority shareholders.

Ozon is one of the largest multi-category online retailers in Russia (over 20 categories). The company owns its own logistics network with large warehouses (60 thousand sq.m.). At the end of 2017, the number of unique buyers in OZON doubled and amounted to 3.2 million people.

Related Topics
  • Announcement,
  • Europe,
  • Finance & Banking,
  • MTS,
  • News,
  • Tracker

More Like This

5G

Nokia and WEG Brazil launch Industry 4.0 project with 5G standalone private wireless

Mar 5, 2021

Digital Platforms & Services

DISH selects Amdocs’ cloud-native billing platform to support 5G services

Mar 5, 2021

Cloud Native

DZS Acquires Network Orchestration and Software Automation Innovator RIFT

Mar 4, 2021

Access Evolution

Ciena reports fiscal first quarter 2021 financial results

Mar 4, 2021

Digital Platforms & Services

Digital Realty lays out industry manifesto for enabling connected data communities

Mar 4, 2021

This content extract was originally sourced from an external website (MTS News) and is the copyright of the external website owner. TelecomTV is not responsible for the content of external websites. Legal Notices

Email Newsletters

Stay up to date with the latest industry developments: sign up to receive TelecomTV's top news and videos plus exclusive subscriber-only content direct to your inbox – including our daily news briefing and weekly wrap.

Subscribe

Top Picks

Highlights of our content from across TelecomTV today

15:12

Deutsche Telekom's Abdurazak Mudesir on the expanding Open RAN ecosystem

38:41

The pros and cons of open DSP architectures

10:32

Vodafone UK's Andrea Dona on Open RAN's progress

49:54

Open RAN: what’s the plan for 2021?

  • TelecomTV
  • Decisive Media

TelecomTV is produced by the team at Decisive Media

Menu
  • News
  • Videos
  • Channels
  • Directory
  • Smart Studio
 
  • Surveys
  • Debates
  • Perspectives
  • Events
  • About Us
Our Brands
  • TelecomTV Tracker
  • TelecomTV Perspectives
  • DSP Leaders
  • DSP Leaders World Forum
  • The Great Telco Debate
Get In Touch
[email protected]
+44 (0) 207 448 1070

Request a Media Pack

Follow
  • © Decisive Media Limited 2021. All rights reserved. All brands and products are the trademarks of their respective holder(s).
  • Privacy
  • Terms
  • Legal Notices