0
Wireless

Kcell valued at over USD 2 bln in IPO

Thursday 29 November 2012 | 09:28 CET | News
Kazakhstan mobile operator Kcell has priced its IPO at USD 10.50-13.00 per global depositary receipt. This gives the company a market capitalization of USD 2.1-2.6 billion. Pricing of the IPO is expected on 12 December, with trading in Almaty and London to begin the same day. The offering consists of a sale by TeliaSonera of 50 million shares, including the GDRs, representing 25 percent of Kcell's share capital. After the IPO, TeliaSonera's stake will fall to 61.9 percent.

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



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: Kcell / TeliaSonera
Countries: Kazakhstan
::: 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.


Related

Kcell share offering priced at bottom of range

Published 12 Dec 2012 10:28 CET | Kazakhstan
TeliaSonera's Kazakhstani subsidiary Kcell has announced the pricing of its initial public offering at USD 10.50 per GDR and KZT ...

Kcell claims 48% market share in Kazakhstan

Published 04 Dec 2012 17:19 CET | Kazakhstan
Kazakshtan mobile operator Kcell's market shares in terms of subscriber numbers totals 47.8 percent, Veysel Aral, the CEO of ...

Telecom sector under pressure - what's to be done?

Published 04 Dec 2012 14:31 CET | World
The telecom sector is under pressure from a number of sources: cable operators, over-the-top (OTT) providers such as Google and ...

TeliaSonera to sell shares in Kcell IPO

Published 13 Nov 2012 13:21 CET | Kazakhstan
Kazakhstani mobile operator Kcell announced its intention to conduct an initial public offering of its shares in the form of ...

Kcell mulls GBP 500 mln IPO in London – report

Published 05 Nov 2012 12:14 CET | Kazakhstan
Kazakh mobile operator Kcell plans to list about a quarter of its equity for up to GBP 500 million. Preparations have been ...





+2.4%
Number of mobile Sims grows 2.4% y-o-y
Spain  |  2016 Q3

Calendar   /   Industry Events

23 Jan Digi Q4 2016
23 Jan Yahoo! Q4 2016
23 Jan IoT Tech Expo Europe
23 Jan EMEA CTO Telecoms Forum
23 Jan CEM in Telecoms Global Summit
23 Jan RAN USA
24 Jan Verizon Q4 2016
24 Jan Logitech fiscal Q3
24 Jan Corning Q4 2016
24 Jan Texas Instruments Q4 2016
24 Jan Samsung Q4 2016
24 Jan International Cybersecurity Forum
24 Jan Smart Cities International Symposium
25 Jan AT&T Q4 2016
25 Jan Qualcomm fiscal Q1
25 Jan TE Connectivity fiscal Q1
25 Jan Crown Castle Q4 2016
25 Jan 8x8 fiscal Q3
25 Jan Citrix Systems Q4 2016
26 Jan Microsemi fiscal Q1
26 Jan VMware Q4 2016
26 Jan MediaTek Q4 2016
26 Jan Microsoft fiscal Q2
26 Jan Sky fiscal Q2
26 Jan Eir fiscal Q2
26 Jan STMicroelectronics Q4 2016
26 Jan Juniper Networks Q4 2016
26 Jan Ericsson Q4 2016
26 Jan Intel Q4 2016
26 Jan Rogers Q4 2016
::: More Calendar Items