KYIV, Nov 25 – MTS signed a legally binding agreement with Telco Solutions and Investments LLC, being under control of Azerbaijan's Bakcell telecom company, which in turn is incorporated in NEQSOL Holding, on the sale of MTS business in Ukraine.

The shareholders of the Russian company will have special dividends following the transaction.

"With the acquisition of Vodafone Ukraine, the second telecommunications operator in the Ukrainian market, we continue the strategy of expanding the international presence and entering the new markets by the companies belonging to the NEQSOL Holding group. The telecommunications industry is among the priority areas of our group's work, therefore we constantly invest in innovative and reliable telecommunication solutions," NEQSOL said in a report, citing CEO of NEQSOL Holding Yusif Jabbarov as saying.