Source - SMW
Sistema subsidiary Sistema Finance SA has sold 12,697,918 American depositary shares of PJSC MTS, representing 1.27% of MTS's share capital, for $100.4m.

Sistema president and chief executive Mikhail Shamolin said: "This transaction will help us to further strengthen Sistema's investment resources and diversify its investment portfolio where MTS remains a core asset. 

"It is fundamental that we have retained control in MTS, and we do intend to remain the operator's controlling owner going forward. MTS continues to lead the Russian telecommunications market and we remain confident in the underlying strength of the company's business model and its future performance."