Sistema is a large Russian conglomerate company, headed by Vladimir Yevtushenkov. In March 2006, Yevtushenkov controlled 62% of the shares in Sistema.
Sistema has its headquarters in Moscow, and operates a number of consumer service businesses in the areas of: IT and telecoms — Mobile TeleSystems, Moscow City Telephone Network, Skylink, MTS India.
AFK Sistema OAO (AFK Sistema OJSC) is a diversified investment company. The Company operates in six segments: MTS and Bashneft, which form part of the Core Assets; RTI, MTS Bank and SSTL, which form part of the Developing Assets, and Corporate division. The Other operating segments include Bashkirenergo, Sistema Mass Media, Detsky mir, Intourist, Medsi, Binnopharm and NIS. The Company focuses on delivering long-term growth to its shareholders through returns on its diversified portfolio of investments. Its investment portfolio is largely composed of stakes in Russian business in a variety of sectors, including telecommunications, oil, utilities, consumer and high tech. On April 1, 2011, it completed the merger of Comstar-UTS into MTS. On October 5, 2012, the Company became an owner of whole stake in MGTS-Nedvizhiomost' ZAO. In December 2012, the Company acquired a 50% stake in LLC Financial Alliance.