Source: Business-Mongolia.com                     Date: 29 April, 2011

MCS Holding (MCS) has restructured its Information Technology Communication (ITC) sector companies and set up Unitel Group as its ITC arm. Mr. Enkh-Amgalan is to be its President. The six companies that have merged to form the Group are Unitel, MCSCOM, Monsat, Skynetworks, Skynetcom and Univision. The Group will be a subsidiary of MCS and work as one of the four mobile telephone operators in Mongolia.

Unitel is majority owned by MCS. It was established in 2005 as a 50/50 Korean-Mongolian joint venture, and became a fully Mongolian-owned company last November, with MCS owning the majority stake and BSB Telecom the rest. Two months earlier, MCS had bought 22.82% of Unitel from Taihan Electric Wire Co., South Korea's second-largest wire maker, for USD12.8 million. MCS is the largest private group of companies in Mongolia. Established in 1993 as an energy sector consultant, today it has operations in many sectors including mining, energy, infrastructure, IT, communication technology, food and beverage, cashmere and wool apparel production and sales, wholesale and retail sales, and real estate with over 4,500 employees.