Russia telco MTS makes grab for concert ticket market
Through the total acquisition of Ticketland and partial buy-out of Ponominalu, Russia's no1 mobile operator hopes to drive growth in the market for mobile event tickets
News By | 15 February 2018
Mobile TeleSystems (MTS), Russia’s largest mobile network operator, has acquired majority stakes in Ticketland and Ponominalu, two of the country’s leading event ticketing companies.
MTS – which turned over US$6.5bn in 2016, and is also the biggest mobile telco in the CIS (most of the former Soviet Union) – paid ₽3.25bn ($57.2m) for for a 100% stake in Ticketland owner MDTZK, and around ₽387m ($6.8m) for 78.2% of Ponominalu parent Kulturnaya Sluzhba, in a major play for control of the Russian…
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