REG-TCS Group Holding PLC TCS Group Holding PLC: Tinkoff launches mobile virtual network operator <Origin Href="QuoteRef">TCSq.L</Origin>

TCS HoldingAnnouncement

13/12/2017 17:35

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   TCS Group Holding PLC (TCS)
   TCS Group Holding PLC: Tinkoff launches mobile virtual network operator

   13-Dec-2017 / 18:30 CET/CEST
   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   Tinkoff launches mobile virtual network operator

   Moscow, Russia - 13 December 2017. TCS Group Holding PLC (TCS LI) (the
   "Group"), Russia's leading provider of online retail financial services
   via its Tinkoff.ru financial supermarket, announces the launch its own
   mobile virtual network operator ("MVNO") called Tinkoff Mobile.

    

   Tinkoff Mobile's unique product and convenient mobile experience allows
   customers to tailor their mobile plan to their own needs, rather than
   selecting from a fixed set of existing tariffs.

    

   The MVNO uses Tele2 Russia's network and infrastructure to provide mobile
   services for both current Tinkoff customers and others, and will have its
   own network code, number range and SIM cards which will be delivered
   across Russia via Tinkoff's smart courier network. The service will be
   rolled out on 14 December 2017 in the greater Moscow, St. Petersburg
   regions, but will soon be available in other cities across Russia.

    

   George Chesakov, CEO of Tinkoff Mobile, commented: "Over the past ten
   years, we have built the most technologically advanced and client focused
   bank in all of Russia. Now, we are scaling up the Tinkoff approach to
   launch a brand-new business and a mobile operator. In just over six
   months, we have managed to do what has taken other companies decades. We
   have fully integrated around 30 absolutely new and complex systems, the
   majority of which we built ourselves from scratch. We have strived to
   create the most convenient, straight-forward and simple-to-use product,
   and we are offering our customers only the most in-demand services. We
   believe this is precisely what mobile was meant to be."

    

   Oliver Hughes, CEO of Tinkoff Bank, added: "We are continuing to expand
   the Tinkoff.ru ecosystem and diversify our business, and the launch of
   Tinkoff Mobile is one more step in that strategy. Over the past few years,
   we have already launched a number of new businesses, proving that we can
   successfully scale up our experience to attract and service new customers
   in new business new lines. In doing this, we have transformed our business
   model and diversified our income streams. We are confident that this
   mobile operator will be just one more noncredit source of income for
   Tinkoff Group."

    

                                 Tinkoff Bank
   Tinkoff Bank
                                 Larisa Chernysheva
   Darya Ermolina                IR Department
   Head of PR
                                 + 7 495 648-10-00 (ext. 2312)
   + 7 495 648-10-00 (ext. 2009)
                                  2 ir@tinkoff.ru
    1 d.ermolina@tinkoff.ru
                                  

   About the Group

   TCS Group Holding PLC is an innovative provider of online retail financial
   services operating in Russia through a high-tech branchless platform. TCS
   Group includes Tinkoff Bank, mobile virtual operator network Tinkoff
   Mobile, Tinkoff Insurance, and Tinkoff Software DC, a network of
   development hubs across Russia.

   The Group was founded in 2006 by the Russian entrepreneur Oleg Tinkov and
   has been listed on the London Stock Exchange since October 2013.

   With no retail branches, the Group serves its customers remotely via
   online channels and its call centre, and operates a network of over 1,800
   representatives to ensure smooth delivery of its products. The network
   covers all of Russia and allows next day delivery to most customers.

   The Group's key business is Tinkoff Bank, Russia's first and only direct
   bank offering both own brand and partner retail financial services via its
   Tinkoff.ru platform. The product range includes daily banking (credit and
   debit cards, payments, money transfers), savings, investments, loyalty
   programmes, travel services, SME services, mortgage platform, and
   insurance. With its special focus on mobile business, the bank offers
   mobile applications both for its customer base (Mobile Bank) and beyond it
   (Traffic Fines, MoneyTalk, Card 2 Card instant money transfers).

   As at 1 October 2017, the bank was the second largest player in the
   Russian credit card market, with a market share of 11.6%. The 9M 2017 IFRS
   net income of TCS Group Holding PLC amounted to RUB 12.6 bn, ROE stood at
   48.8%.

   Tinkoff Bank was named Russia's 2017 'Bank of the Year' by The Banker.
   Banki.ru, Russia's largest financial news portal, named Tinkoff Bank the
   Bank of the Year 2016. In October 2016 Tinkoff Bank was named the largest
   independent global direct bank by Frost & Sullivan. In 2015 and 2016, the
   Global Finance magazine named Tinkoff Bank as the Best Consumer Digital
   Bank in Russia. In 2016, the bank also won Global Finance's Best
   Integrated Consumer Bank Site award and was named the Best Digital Bank in
   the CEE by Euromoney. The bank's mobile application was recognised as the
   best in Russia by Markswebb Rank & Report for three consecutive years in
   2014, 2015 and 2016, and by Deloitte for four consecutive years from 2013
   to 2016.

   Forward-looking statements

    

   Some of the information in this announcement may contain projections or
   other forward-looking statements regarding future events or the future
   financial performance of the Group and Tinkoff Bank. You can identify
   forward looking statements by terms such as "expect", "believe",
   "anticipate", "estimate", "intend", "will", "could," "may" or "might", the
   negative of such terms or other similar expressions. The Group and Tinkoff
   Bank wish to caution you that these statements are only predictions and
   that actual events or results may differ materially. The Group and Tinkoff
   Bank do not intend to update these statements to reflect events and
   circumstances occurring after the date hereof or to reflect the occurrence
   of unanticipated events. Many factors could cause the actual results to
   differ materially from those contained in projections or forward-looking
   statements of the Group and Tinkoff Bank, including, among others, general
   economic conditions, the competitive environment, risks associated with
   operating in Russia, rapid technological and market change in the
   industries the Group operates in, as well as many other risks specifically
   related to the Group, Tinkoff Bank and their respective operations.

    

    

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   ISIN:          US87238U2033
   Category Code: MSCM
   TIDM:          TCS
   LEI Code:      549300XQRN9MR54V1W18
   Sequence No.:  5018


    
   End of Announcement EQS News Service

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   638793  13-Dec-2017 

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References

   Visible links
   1. mailto:d.ermolina@tinkoff.ru
   2. mailto:ir@tcsbank.ru


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