You're reading: MTS Ukraine sells its Crimean property for 17.7 million euro

MOSCOW - MTS Ukraine, wholly owned by Russia's OAO Mobile TeleSystems, has sold its property in Crimea for 17.7 million euro, including VAT, the company said in a posting on its Web site.

Among the property sold to two private investors “whose bids were the best” were administrative, business, computing and telecoms equipment and two cars. The company doesn’t comment on the results of the bidding and doesn’t disclose the buyers’ names.

MTS Ukraine halted operations in Crimea on Aug. 7. The company began to gradually shut down its network on the peninsula after Russia’s LLC K-Telecom launched a mobile network there using the frequencies previously belonging to MTS Ukraine.

MTS Ukraine currently serves its subscribers in Crimea except Sevastopol via roaming services of 3Mob, a mobile subsidiary operator of Rinat Akhmetov’s Ukrtelecom).