TeliaSonera welcomes the move as this is an important step in completing the IPO by the end of the year…
TeliaSonera welcomes the move as this is an important step in completing the IPO by the end of the year, as previously communicated. As originally articulated on April 24, depending on the results of the IPO, TeliaSonera may reduce its current 35.6 percent ownership and still keep a long term strategic ownership of at least 25 percent plus one share in MegaFon after the IPO.
MegaFon, Russia’s second largest mobile operator by the number of subscribers and the largest by data revenues, today announced its intention to proceed with an Initial Public Offering (“IPO”, “Offering”) of shares listed on the Moscow Stock Exchange and shares in the form of Global Depositary Receipts (“GDRs”) to be listed on the London Stock Exchange in the fourth quarter of 2012.
View more of the latest press releases from across the industry or post your company's news.