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:

American Retail Giant Walmart has Acquired a Robot Made by the Russian Promobot
30.09.2020
Vladimir Lisin became the Richest Russian according to Forbes
25.12.2020
The Turnover of SMEs Fell by More than 50% in April
08.05.2020
Research: Most Small and Micro-business Companies Expect to Reach Pre-crisis Indicators within Six Months
06.05.2020
AliExpress will Launch an Express Food Delivery Service in Russia
31.08.2020



comments powered by Disqus




Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share


TAGS:
Russian music  Tanais   Serebryanyi Ruchei  Russian police  Echo of Moscow  Alexander Aleksandrov  the Crimea  Russian business  SSJ 100 crush  Russian regions  human rights  Book Tickets to Museums  Valentina Tereshkova  Schengen visa  music  Russian people  Svobodny  Russian Theater  Lipetsk   Birchbark Handicrafts  "Music Hall" Theatre  Opposition  Sakhalin  Russian circus  Moscow Metro  Red Square  Russian Premier League  cycling routes  Russian law  Sundance  Russian tourism  Lipetsk Region  Zheleznogorsk (Kursk Oblast)  Festivals in Moscow  Moscow  travel to Russia  Kremlin  Mercedes-Benz Fashion Week Russia  art house  Russian Cinema  inventions  Collecting  Exhibitions in Moscow  Sovetsky Sport  obituary  Russian urban culture  EU sanctions  advertisement in Russia  Alexander Pushkin  St. Petersburg 


Travel Blogs
Top Traveling Sites