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:








Comment on our site


RSS   twitter      submit


Ïàðòåð


TAGS:
Russian economy  Fairs in Moscow  Russian Film Directors  Russian tourism  Demyan Kudryavtsev  what to do in Sochi  Kuril Lake  Mercedes-Benz Fashion Week Russia  MotorArmy Festival  Exhibitions in Moscow  Golden Horde coins  Moscow Zoo  Romanovs  Antiquarian Salon  Pskov Region  Russian businessmen  Street Art  St. Petersburg Bridges  Russian Cinema  Tula Region  Moscow  Luzhniki Stadium  Russian Rock  Russian science  Russian business  State Historical Museum  St. Petersburg  Ecotourism  Konstantin Raikin  Kaliningrad Region  Russian children  Russian cities  Yulia Lipnitskaya  active holidays in Russia  Stem Cells  Exhibitions in Saint Petersburg  Domodedovo  France  Balashov  Museum of Illusions  Marshmallow Museum  Fashion and Style in Photography  Yakutia  Russian airlines  Cruiser Aurora  Russian scientists  Russian musicians  Russian Arts and Crafts  Stalingrad Battle  Volzhsky 


Travel Blogs
Top Traveling Sites