OREANDA-NEWS. On October 15, 2008 Sistema (LSE: SSA), the largest public diversified corporation in Russia and the CIS which manages fast growing companies operating in the consumer services sector, held an investor conference call to discuss company`s position in current market conditions, reported the press-centre of Sistema.

On the call, the management stated that MTS's shares owned by Sistema have not been pledged. 

In fact, Sistema recently pledged 0.4% of MTS's outstanding shares in connection with a US35 million credit facility, which will be repaid in November of 2008.