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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.

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Categories: Mobile & Wireless
Companies: Kcell / TeliaSonera
Countries: Kazakhstan
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