0
Mobile & Wireless

Megafon IPO priced at low end of range

Wednesday 28 November 2012 | 09:01 CET | News
Megafon and its shareholders have raised USD 1.7 billion in an initial public offering of shares in the Russian mobile operator. The IPO was priced at USD 20 per GDR, the low end of the indicated range, giving Megafon a total market value of USD 11.1 billion. Around 15.2 percent of its shares will be publicly traded, and AF Telecom (55.8%) and TeliaSonera (29.0%) will remain its largest shareholders. The underwriters have an option to increase the number of shares sold by 10 percent, which would raise the proceeds to USD 1.9 billion. TeliaSonera said it expects proceeds of USD 1.3 billion from selling down its stake, including the over-allotment option. Megafon said it will use its share of the proceeds for debt refinancing and network expansion. Megafon shares start trading in London and Moscow on 28 November.


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours. Subscribe now.

Categories: Mobile & Wireless
Companies: Megafon / TeliaSonera
Countries: Russian Federation
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.






+ 12 percent points
Smart TV penetration grew with 12 percent points since 2013 Q3
Netherlands  |  2014 Q4

Calendar   /   Industry Events

03 Aug Limelight Networks Q2 2015
03 Aug Frontier Communications Q2 2015
03 Aug Broadsoft Q2 2015
03 Aug Suddenlink Q2 2015
04 Aug Cable One Q2 2015
04 Aug Liberty Global Q2 2015
04 Aug Comptel Q2 2015
04 Aug TIM Brasil Q2 2015
04 Aug Internap Q2 2015
04 Aug Otelco Q2 2015
04 Aug Earthlink Q2 2015
04 Aug Charter Communications Q2 2015
04 Aug Sprint fiscal Q1
04 Aug Avaya fiscal Q3
04 Aug Bharti Airtel fiscal Q1
04 Aug Hutchison Telecom HK Q2 2015
04 Aug Evolving Systems Q2 2015
05 Aug AVG Technologies Q2 2015
05 Aug Motorola Solutions Q2 2015
05 Aug Dish Network Q2 2015
05 Aug Interxion Q2 2015
05 Aug CenturyLink Q2 2015
05 Aug NTT fiscal Q1
05 Aug Aerohive Networks Q2 2015
05 Aug Sky Deutschland fiscal Q4
05 Aug Fairpoint Communications Q2 2015
05 Aug Mitel Q2 2015
06 Aug Netia Q2 2015
06 Aug HTC Q2 2015
06 Aug Novatel Wireless Q2 2015
::: More Calendar Items