UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report
of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities
Exchange Act of 1934
For the month of October, 2022
Commission File Number: 001-15094
Mobile TeleSystems Public Joint Stock Company
(Translation of registrant’s name
into English)
4, Marksistskaya Street
Moscow 109147
Russian Federation
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will
file annual reports under cover Form 20-F or Form 40-F.
Form
20-F x Form 40-F ¨
Indicate by check mark if the registrant is submitting the Form
6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨
Indicate by check mark if the registrant is submitting the Form
6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨
Press Release
MTS to Invest
in Navigation and Cartographic Solutions
October 7, 2022
MOSCOW,
Russia – Mobile TeleSystems Public Joint Stock Company (“MTS” or “the Company”) (MOEX: MTSS), a leading
provider of digital and media services and Russia’s largest mobile operator, and MTS Auto LLC, a 100% subsidiary of MTS, announce
an investment in Navitel Group, a Russian provider of navigation and cartographic solutions.
As a result of the deal,
MTS will gain control over Navitel Group, which will enable MTS to create its own geoservices platform for the development of an ecosystem
of services and transport solutions. The priorities will be the use of a navigation and traffic service in MTS Auto head units for cars,
the use of maps in MTS mobile applications, as well as the use of cartographic data as a source of big data to create and improve products
for MTS Group as a whole.
Commenting
on the deal, General Director of MTS Auto Denis Smirnov said: “Navitel, as a leading independent provider of navigation
solutions in the Russian market with its own maps and licenses, has a strong team of software developers and experts in creating navigation
and video recording devices. The deal will enable MTS to acquire its own solutions for its geoservices platform and competencies in building
optimal routes, which will enable not only the strengthening of MTS Auto but also the more efficient usage of geolocation and mapping
solutions in more than 60 MTS services and projects in different areas—from smart cars, vehicle monitoring and kicksharing to mobile
apps and retail gadgets, as well as in analysis of big data when building a telecom infrastructure and creating new products, including
advertising and recommendation services.
“In turn, MTS Auto
and Navitel, thanks to synergies and investments from MTS, will receive resources to improve their cartography, online services and IT
processes, including for solving problems involved in using cartography for unmanned vehicles in the future”.
The core business of
MTS Auto, a 100% subsidiary of MTS, is the provision of high-speed Internet in cars, the development of multimedia devices for cars, comfort
and telematics systems, as well as software for them. A separate area of activity is focused on the creation of integrated solutions for
the digitalization of the automotive industry.
About
Navitel Group
Founded in 2006, Navitel
Group is a developer and distributor of navigation software, and an independent provider of geoservices and monitoring services in Russia.
Navitel also develops navigation devices and video recorders. Navitel’s mapping services provide global coverage for more than 40
million users around the world.
* * *
For further information, please contact in Moscow:
Investor Relations Department
Mobile TeleSystems Public Joint Stock Company
Tel.: +7 495 223 2025
E-mail: ir@mts.ru
Learn more about MTS. Visit the official blog of the Investor Relations
Department at www.ir.mts.ru/ir-blog
* * *
Mobile TeleSystems Public Joint
Stock Company (“MTS” – MOEX: MTSS) is Russia’s largest mobile operator and a leading provider of network-native
digital services. The company offers a full range of solutions for consumers and business customers across wireless and wireline connectivity;
over-the-top, linear, and satellite television; digital-first banking and financial services; as well as unified communications, cloud
computing and IoT. There are more than 88 million mobile subscribers using MTS services across the company’s operations in Russia,
Armenia, and Belarus, including around 80 million subscribers in Russia alone. In addition, MTS has a nationwide network of more than
5,400 owned and franchised retail outlets in Russia, and provides nearly 10 million clients with broadband, TV, and/or fixed-line telephone
connectivity, over 9 million users – with OTT and pay TV services. The number of ecosystem clients exceeds 12 million and MTS Bank
client base is over 3 million. MTS is majority-owned by Sistema PJSFC, a publicly-traded Russian investment company. MTS’s shares
are listed on the Moscow Exchange under the ticker MTSS. For more information, please visit the company’s Investor Relations website
at ir.mts.ru.
* * *
Some of the information in this
press release may contain projections or other forward-looking statements regarding future events or the future financial performance
of MTS, as defined in the safe harbour provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify forward
looking statements by terms such as “expect,” “believe,” “anticipate,” “estimate,” “intend,”
“will,” “could,” “may” or “might,” and the negative of such terms or other similar expressions.
We wish to caution you that these statements are only predictions and that actual events or results may differ materially. We do not undertake
or intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence
of unanticipated events. We refer you to the documents MTS files from time to time with the U.S. Securities and Exchange Commission, specifically
the Company’s most recent Form 20-F. These documents contain and identify important factors, including those contained in the section
captioned “Risk Factors” that could cause the actual results to differ materially from those contained in our projections
or forward-looking statements, including, among others, the severity and duration of current economic and financial conditions, including
the ongoing geopolitical situation relating to the conflict in Ukraine, the expansion of sanctions imposed on the Russian Federation by
the United States, European Union and United Kingdom, volatility in interest and exchange rates (including fluctuations of the value of
the Russian ruble against the U.S. dollar and the Euro), commodity and equity prices and the value of financial assets; the impact of
Russian, U.S. and other foreign government programs to restore liquidity and stimulate national and global economies, our ability to maintain
our current credit rating and the impact on our funding costs and competitive position if we do not do so, strategic actions, including
acquisitions and dispositions and our success in integrating acquired businesses, potential fluctuations in quarterly results, our competitive
environment, dependence on new service development and tariff structures, rapid technological and market change, acquisition strategy,
risks associated with telecommunications infrastructure, governmental regulation of the telecommunications industries and other risks
associated with operating in Russia and the CIS, volatility of stock price, financial risk management and future growth subject to risks.
* * *
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
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MOBILE TELESYSTEMS PUBLIC JOINT STOCK COMPANY |
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By: |
/s/ Vyacheslav Nikolaev |
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Name: |
Vyacheslav Nikolaev |
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Title: |
CEO |
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Date:
October 7, 2022 |
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