Add to favorite
 
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

MegaFon on IPO on London Stock Exchange
9.10.2012 17:12
MegaFon on IPO on London Stock Exchange

The second largest Russian mobile operator MegaFon has claimed about launching initial public offering (IPO) on the Moscow MICEX-RTS and London Stock Exchange (LSE) in the fourth quarter 2012.

      
MegaFon informed, it will offer15-20% of its shares, held by Swedish–Finnish telecommunications group TeliaSonera and the MegaFon’s subsidiary Megafon Investments.

      
MegaFon would utilize the offering's net proceeds to repay and/or finance existing debt and for general corporate purposes, including the continuing development and expansion of its network.

      
Morgan Stanley and Sberbank CIB have been named Joint Global Coordinators and Joint Bookrunners, while Citi, Credit Suisse and VTB Capital have been appointed as Joint Bookrunners.

      
By the end of September MegaFon’s total customer base amounted 63.68 million people. In the second quarter the company’s revenue equaled 66.76 billion Rubles, the net profit was 1.7 billion Rubles.   

Author: Irina Fomina

Tags: Russian business Russian mobile networks    

Next Previous


You might also find interesting:

Russian Banks Increased Profit Nearly Five Times
30.01.2017
Assembly Production Of Fishing Boats Will Be Created In Sakhalin
15.09.2016
Rosselkhoznadzor Imposed Temporary Restrictions On Export Of Live Poultry From Ontario
09.08.2016
Sberbank Provides a Loan to Launch Wi-Fi Network on the Saint Petersburg Metro
23.06.2017
IDS Borjomi Russia Acquired the Chistaya Voda Company (Pure Water Company)
16.03.2017



comments powered by Disqus




Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

Russian Parliament in Action

search on the map
TAGS:
Awards  Russian tourism  Exhibitions in Moscow  Russian Poets  oil prices  Resources  Ships  Russian Literature  River taxi   Spitsbergen  Economic Crime  Scorpions  migration in Russia  Russia-Libya  astronomy  Leonid Soifertis  Vladimir Vernadsky  Mariinsky theatre  Alzheimer's Disease  Moscow  Painting  Russian roads  Pskov Museums  Old Greece  Grigori Chukhrai  St. Petersburg Theaters  biology  Primorye  expats  Transaero  Russian Cinema  Fascism  Russian regions  Tver region  Archeology  Meteorites  Russian business  Mercedes-Benz Fashion Week Russia  Kostroma region  Zenit  Periodic Table  Chebarkul   Chelyabinsk  Russian sportsmen  Russian history  Classical Music  Russian tennis  Satellites  Nikita Mikhalkov  Russian language 


Travel Blogs
Top Traveling Sites