Green dot

Green Point is a Russian telecommunication operator that by May 22, 2020 provides broadband access Internet and digital television services in 18 regions. Russia The geography of the presence of the "Green Point" includes, Stavropol Mikhailovsk,,,,,, Nevinnomyssk,, Elista Tambov Belgorod Lipetsk Ufa Beloretsk, and Neftekamsk. Tomsk Vladivostok

History

2021: MTS became the 100% owner of 6 telecom operators from the Green Point group

On April 15, 2021, MTS became the 100% owner of six regional fixed-line operators from the Green Point group. We are talking about assets in Stavropol, Mikhailovsk, Nevinnomyssk, Elista and Tambov.

As part of the first stage, MTS acquired 51% of the authorized capital in all 13 telecom operators that are part of the Green Point in 12 cities. To gain full control over the group, MTS had the right under the option to completely close the transaction within two years and buy out the remaining 49% in seven telecom operators in other cities - Belgorod, Lipetsk, Ufa, Neftekamsk, Beloretsk, Tomsk and Vladivostok.

MTS became the 100% owner of 6 fixed-line operators from the Green Point group

By consolidating the main assets of Green Point in Stavropol, Mikhailovsk, Nevinnomyssk, Elista and Tambov, we will accelerate the development of converged offers when our subscribers, through one combined account on preferential terms, connect to a whole package of services combining fixed and mobile communications, as well as modern digital solutions for home, business and entertainment, - said Inessa Galaktionova, First Vice President of MTS for Telecommunications Business.

According to her, after the closure of the transaction, more than 1 million households in 12 regions of the Russian Federation will receive expanded access to various digital services of the MTS user ecosystem.

CEO of Green Point Sergey Kostelyanets said that the merger of companies will become important for this.

The joint work and efforts of the MTS and Green Point teams will provide significant synergistic effects and provide potential for further business development, he said, adding that by joining MTS, Green Point will be able to expand its technological capabilities and significantly increase the list of services for customers.[1]

2020: MTS bought Green Point

On May 22, 2020, the details of the sale of the Green Point to MTS became known. From the annual statements of the Big Four operator, it follows that he paid 1.37 billion rubles for the purchase of a 51% stake in the Cypriot offshore companies Achemar Holdings and Clarkia Holdings, which own operators from the Green Point group.

As for the remaining 49% of the authorized capital, MTS entered into an option agreement allowing the company to demand to sell this share to it, and the sellers to oblige MTS to buy this share from them within three years. The deal was concluded in February 2020.

MTS bought the telecom company "Green Point" for 1.37 billion rubles

The fixed services that MTS provides in more than two hundred cities of Russia are an important part of the emerging MTS user ecosystem and the foundation for the further development of convergence, a complex of smart home services and entertainment products, says Inessa Galaktionova, First Vice President of MTS for Telecommunications Business, commenting on the deal with Green Point. - The acquisition of new assets in the regional markets of presence is complementary to the new strategy of the company's development and is beneficial primarily to customers who will have access to digital products and the high quality of MTS service.

As the managing director of Green Point Sergey Kostelyanets explained to RBC, despite the sale of a 51% stake in MTS, the contract with VimpelCom remained in force. We are talking about a contract worth 37.5 billion rubles, while the cost of servicing according to the old model by the company itself with the involvement of contractors for the maintenance of individual networks was estimated at 48 billion rubles.^[2]

2018: Composition of founders

The founders of Green Point LLC are:

• since July 29, 2011 - Sergey Vladimirovich Kostelyanets
• since April 5, 2018 - Irina Vilisovna Fedulova

2017: Purchase of Promsvyaz-Invest LLC

On October 24, 2017, it became known that the Internet provider and digital TV operator Zelenaya Tochka Group acquired a 100% stake in the authorized capital of Promsvyaz-Invest LLC, a subsidiary of MTT. Promsvyaz-Invest provides broadband access and telephony services in Lipetsk and Lipetsk region). The amount of the transaction was not disclosed. Read more here.

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