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Telia Company to sell part of its stake in Megafon

Tuesday 3 October 2017 | 09:15 CET | News
Sonera Holding, a fully owned unit of Telia Company, has announced the launch of an accelerated bookbuilding offering to institutional investors of around 35 million shares in Russian mobile operator MegaFon, representing approximately 5.65 percent of MegaFon's issued share capital. Telia Company's total stake in MegaFon is 25.2 percent of its issued share capital. If all offered shares are sold, Telia Company's direct stake will be reduced to 19.5 percent.

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Categories: Mobile & Wireless
Companies: MegaFon / Morgan Stanley / Sonera
Countries: Russian Federation
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