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TeliaSonera Confirms Talks Over Future of Russia's MegaFon
Published on:
TeliaSonera has confirmed recent media speculation and that it has been in talks with Russia's AF Telecom and Altimo regarding the future ownership structure and governance of the Russian mobile network, MegaFon.
So far, the these discussions have so far not led to any agreement.
There have been reports that the Russian shareholders may either float their stakes on the stock market, or possibly engage in some form of swap with the LTE network being planned by Yota.
A more recent rumour suggested that Altimo might sell its stake to AF Telecom, which would result in TeliaSonera becoming the de-facto minority shareholder in the company.
TeliaSonera's current ownership in MegaFon is 43.8 percent, of which it holds 35.6 percent directly and 8.2 percent indirectly through its 26.1 percent ownership in Telecominvest. AF Telecom's ownership is 31.3 percent of which it holds 8 percent directly and 23.3 percent indirectly through its 73.9 percent ownership in Telecominvest . Altimo's ownership is 25.1 percent.
Tags: [megafon] [teliasonera] [telecominvest] [altimo] [Russia]
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