TCS Group Holding PLC: Tinkoff Bank to launch a mobile virtual network operator

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TCS Group Holding PLC / Product Launch 
TCS Group Holding PLC: Tinkoff Bank to launch a mobile virtual network 
operator 
 
05-Apr-2017 / 10:42 CET/CEST 
Dissemination of a Regulatory Announcement, transmitted by EquityStory.RS, 
LLC - a company of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
 
*Tinkoff Bank to launch a mobile virtual network operator* 
 
*Moscow, Russia - 5 April 2017.* TCS Group Holding PLC (*TCS LI*) (the 
'Group'), Russia's leading provider of online retail financial services, 
including Tinkoff Bank and Tinkoff Insurance, today announces the launch of 
its own mobile virtual network operator (MVNO). 
 
The MVNO will use Tele2 Russia's network and infrastructure to provide 
mobile services for both current Tinkoff's 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. 
 
*Oliver Hughes, CEO of Tinkoff Bank, said,* 'We have recently been seeing 
finance and telecoms increasingly converging with each other lately. The 
launch of our own MVNO is a logical and timely addition to our range of 
products and services. This is part of our strategy to build a fully-fledged 
ecosystem based around our online platform Tinkoff.ru. 
 
The MVNO will leverage the core strengths and expertise of both our 
financial retail business and our best in class customer service to deliver 
great value for both our current customers and future mobile customers. It 
will significantly contribute to our value proposition. And we will even 
further improve customer experience to retain customers and build up our 
loyalty base. Furthermore, some cost synergies are expected by reducing 
servicing expenses. This new business arm is set to make yet another 
non-credit revenue pool for our business.' 
 
*George Chesakov, Tinkoff Bank VP, Head of MVNO project, said*, 'Ten years 
ago, we launched Tinkoff Bank, which successfully weathered the economic 
downturn and tough competition to evolve into Russia's most 
technology-intensive bank and the world's largest online only bank by 
customer base. Today, we are about to launch an MVNO in an industry that's 
even more competitive. And yet, just like ten years ago, we see a new 
opportunity in the market to tap into. With our extensive expertise, we are 
well-positioned to create a mobile network operator and make it successful 
by keeping its customers happy.' 
 
The date when the new mobile service will be available for customers will be 
announced in due course. 
 
*For enquiries:* 
Tinkoff Bank 
*Darya Ermolina* 
Head of PR 
+ 7 495 648-10-00 (ext. 2009) 
[e-mail] 
 
*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. The 
Group has also developed a 'smart courier' network covering almost all 
cities and towns in Russia which allows next day delivery to many customers. 
 
Tinkoff Bank's 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). 
 
Tinkoff is transitioning to become an online financial marketplace, 
Tinkoff.ru, which offers an entire range of both own brand and partner 
retail financial services via mobile and desktop. 
 
As at 1 March 2017, the bank was the second largest player in the Russian 
credit card market, with a market share of 10.6%. The FY2016 IFRS net income 
of the parent company, TCS Group Holding PLC, which includes Tinkoff Bank 
and the insurance company Tinkoff Insurance, amounted to RUB 11 bn, ROE 
stood at 43%. 
 
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. 
 
The EquityStory.RS, LLC Distribution Services include Regulatory 
Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de/ukreg 
Language:      English 
Company:       TCS Group Holding PLC 
               2nd Floor, Sotiri Tofini 4, Agios Athanasios 
               4102 Limassol 
               Cyprus 
Phone:         [phone] 
Fax:           [phone] 
E-mail:        [e-mail] 
Internet:      https://www.tinkoff.ru 
ISIN:          US87238U2033 
Listed:        Foreign Exchange(s) London, Moscow 
Category Code: PRL 
TIDM:          TCS 
LEI Code:      549300XQRN9MR54V1W18 
Sequence No.:  4032 
 
End of Announcement EquityStory.RS, LLC News Service 
 
562109 05-Apr-2017 
 
 

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April 05, 2017 04:43 ET (08:43 GMT)