OGZPY - The Mobile Telesystems Plunge
Today, Mobile TeleSystems (MBT) is down hard — it’s dropping 9% as I write this. The direct reason is that Mobile Telesystems put out a Press Release saying it’s evaluating whether to keep its current listing structure. This listing structure has the NYSE as its primary exchange, where it originally listed in 2000. The Moscow quotation only came later.
The Press Release makes it clear that this evaluation is purely exploratory, and that no immediate decisions have been made:
“We want to engage with investors to discuss their preferences, ability and any potential