Russian Vedomosti: MTS Fell Short in Telsim Sale

The Russian newspaper Vedomosti has reported the Russian GSM company MTS fell short of buying Turkish mobile telecommunication company Telsim. A related article said MTS made an offer $2.85 billion; however, British Vodafone proposed the highest bid of 4.55 billion and won the sell-off tender held Wednesday in Istanbul. MTS apparently had never planned to bid higher than three billion dollars, the paper wrote.

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