0
Wireless

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.

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: MegaFon / Sonera
Countries: Russian Federation / Sweden
::: 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

Telia offers to buy back notes

Published 10 Nov 2017 13:54 CET | World
Telia Company is making a buy-back offer to holders of its outstanding EUR 500 mln 1.375 percent notes falling due on 18 February ...

Telia fully exits Megafon shareholding

Published 31 Oct 2017 09:42 CET | Russian Federation
Telia Company has fully divested its stake in Megafon, after agreeing to sell its remaining 19.0 percent shareholding to ...

Telia to continue cost cutting, divestments as Q3 organic sales drop 0.5%

Published 19 Oct 2017 08:50 CET | Sweden
Telia reported sales down 8.8 percent to SEK 19.628 billion in the third quarter, hurt by divestments and a slowdown on the ...

Telia Company to sell part of its stake in Megafon

Published 03 Oct 2017 09:15 CET | Russian Federation
Sonera Holding, a fully owned unit of Telia Company, has announced the launch of an accelerated bookbuilding offering to ...

Megafon issues RUB 15 billion bonds for general purposes and refinancing

Published 03 Oct 2017 08:49 CET | Russian Federation
Russian mobile operator Megafon has closed a book of applications for its RUB 15 billion bond issue, which carries annual ...

Megafon changes marketing to 'operator of opportunities'

Published 13 Sep 2017 16:53 CET | Russian Federation
Russian mobile operator Megafon has introduced its new positioning in the market. The new image is focused on the transformation ...

Telia may sell stake in MegaFon - report

Published 14 Jun 2017 12:17 CET | Russian Federation
Telia is considering a plan to reduce its stake in Russian mobile operator MegaFon, as the Swedish carrier focuses on its home ...

Telia Company replaces Sonera CEO as part of reorganisation

Published 14 Dec 2016 12:27 CET | World
Telia Company said it will overhaul its organisational set-up from 01 January 2017. Stein-Erik Vellan will replace Sonera CEO ...