▲ Up
 akipress
11:50 20-09-2018
АКИpress CA-News Tazabek Turmush
ADVERTISE WITH US SUBSCRIBE
KazakhstanKyrgyzstanMongoliaTajikistanTurkmenistanUzbekistanWorld
POLITICSBUSINESSINCIDENTSSOCIETYCULTURESPORTANALYSISSCIENCE
akipress
Russia's MTS files lawsuit against Turkmenistan
Central Asia | business | 09:18, 30 July 2018 | 1256

AKIPRESS.COM - Russia’s top mobile phone operator MTS said on Friday it had filed a lawsuit against Turkmenistan after company’s subsidiary was cut off from the country’s network in 2017.

In September MTS, part of the Sistema conglomerate, said state-owned telecommunication company Turkmentelekom had stopped providing it with its international and long-distance zonal communication services and Internet access, Reuters reported.

After that the Russian company suspended services in the Central Asian republic.

The company said on Friday it had filed a lawsuit at the International Center for Settlement of Investment Disputes - an international arbitration institution funded by the World Bank. MTS estimated the loss caused by Turkmenistan’s decision at at least $750 million.

MTS had 1.7 million subscribers in Turkmenistan at the end of June, and the unit contributed just over 1 percent of the group’s total revenue.

MTS had to quit Turkmenistan in 2010 when its licence was suspended for reasons that the company said “were never fully justified”, writing off about $140 million.

It returned to the Turkmen market in 2012.

© AKIpress News Agency - 2001-2018. All rights reserved
Republication of any material is prohibited without a written agreement with AKIpress News Agency. Any citation must be accompanied by a hyperlink to akipress.com.
Our address:
Moskovskaya str. 189, Bishkek, the Kyrgyz Republic
e-mail: english@akipress.org, akipressenglish@gmail.com;
Tel/Fax: +996(312)65-03-06