logo
Share SHARE
FONT-SIZE Plus   Neg

TeliaSonera Confirms MegaFon Ownership Structure Talks - Quick Facts

TeliaSonera (TLSNY.PK, 0H6X.L) confirmed that talks are held between TeliaSonera, AF Telecom and Altimo relating to the future ownership structure and governance of MegaFon. Also, the company said these talks have so far not led to any agreement, but if and when a deal is signed, TeliaSonera would present information according to the relevant stock exchange rules.

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 8.0 percent directly and 23.3 percent indirectly through its 73.9 percent ownership in Telecominvest, while Altimo's ownership in MegaFon is 25.1 percent.

Founded in 2002, MegaFon's 2011 consolidated revenues went up by 12.6 percent to RUB 242.6 billion.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Simple, uncluttered, colorful and friendly. That's how Google describes its new logo. The new typeface is sans-serif and without any shadow or embossing, unlike its earlier logos. It has given blue, red, yellow and green to its letters. The "e" is slightly tilted and stylized. On its browser tabs, it has replaced the lower case blue colored "g" with an upper case "G" in four colors. H&R Block reported a smaller loss for the first quarter, driven by a four percent increase in revenues, partly offset by foreign currency fluctuations. The company announced a $3.5 billion stock buyback, and its shares gained 7% in after-hours trade... About nine-tenths of the world's sea birds are likely to have consumed pieces of plastic which continue to remain in their guts, a study shows.
comments powered by Disqus
Follow RTT