Telia fully exits Megafon shareholding

Tuesday 31 October 2017 | 09:42 CET | News
Telia Company has fully divested its stake in Megafon, after agreeing to sell its remaining 19.0 percent shareholding to Gazprombank . The deal is in line with Telia's strategy to focus on the Nordics and Baltics. The shares will be sold at RUB 514 per unit, raising gross proceeds of RUB 60.4 billion, with a pro forma positive effect on net debt to EBITDA expected at 0.3x. 

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Categories: Mobile & Wireless
Companies: MegaFon
Countries: Russian Federation
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