MTS Russia acquires 100% stake in online hotel booking company
Mobile TeleSystems (MTS), Russia’s largest mobile operator and a leading provider of digital media and services, announced the acquisition of a 100% stake in Bronevik Online and Bronevik Company (Bronevik Group, l one of the market leaders in online hotel reservations). The acquisition aims to develop a new line of business, MTS Travel, in the tourism industry.
MTS began to develop its new line of business through MTS Travel, a recently registered wholly-owned subsidiary. MTS Travel will provide hotel, other accommodation and ticket reservation service; providing tourist and excursion services; arranging the rental and leasing of vehicles, as well as the rental of leisure equipment; and organize sports activities.