Public Joint Stock Company Moscow City Telephone Network (MISX:MGTS) agreed to acquire 51% stake in MultiCable Networks of Balashikha Limited Liability Company from Public Joint-Stock Company Mobile TeleSystems (NYSE:MBT) on February 22, 2017. As a result of the transaction, Mobile TeleSystems will exit from its shareholding in MultiCable. The transaction received approval from the Board of Directors of Mobile TeleSystems.


Public Joint Stock Company Moscow City Telephone Network (MISX:MGTS) cancelled the acquisition of 51% stake in MultiCable Networks of Balashikha Limited Liability Company from Public Joint-Stock Company Mobile TeleSystems (NYSE:MBT) on February 22, 2018.