Telia raises SEK 3.2 bln through MegaFon share placement

Tuesday 3 October 2017 | 12:12 CET | News
Telia Company said its subsidiary Sonera Holding has agreed to place 38.5 million ordinary shares in MegaFon with institutional investors at RUB 585 each, raising gross proceeds of RUB 22.5 billion or approximately SEK 3.2 billion. This will have a pro forma positive effect on net debt to EBITDA of approximately 0.1 times.

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