Sistema carries out buy-back programme

Russian telecommunications holding company Sistema has announced that its subsidiary Sistema Finance has sold 4.713 million of MTS shares to MTS unit Stream Digital, as part of the MTS share buyback programme approved in April 2016 and which will be in effect until April 2019. The  transaction was worth about RUB 1.36 billion. 

As a result of implementation of the programme in January, Sistema Group's effective stake in MTS remained unchanged at 50.004 percent.