Usmanov to take control of Megafon ahead of IPO

Tuesday 24 April 2012 | 09:30 CET | News
The shareholders of Russian operator Megafon have agreed a new ownership structure that will see AF Telecom, the holding company of Russian entrepreneur Alisher Usmanov, take control of the company. TeliaSonera will sell an 8.2 percent indirect stake to AF for USD 1.45 billion, while Altimo will sell its entire 25.1 percent stake in Megafon. The latter transaction will include the sale of 14.4 percent to a subsidiary of MegaFon for USD 2.16 billion, while the remaining 10.7 percent will be sold to AF Telecom for USD 1.61 billion. TeliaSonera has also agreed to pay USD 200 million to Altimo in

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Categories: Mobile & Wireless
Companies: Altimo / MegaFon / TeliaSonera
Countries: Russian Federation
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