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
HSBC is reportedly laying off about 100 of its senior investment bankers worldwide, as the banking giant strives to curb operating costs. According to reports, the London-headquartered bank will eliminate managing director and director level employees at the Global Banking and Markets division, as... Samsung Electronics Co., Ltd. (SMSN.L, SSNNF.OB, SSNLF.OB) will reportedly blame faulty batteries for last year's Galaxy Note 7 fiasco. According to a Wall Street Journal report, Samsung's investigation of Galaxy Note 7 smartphones found that some batteries were irregularly sized while others had... Federal investigators have closed their probe of a fatal crash that involved a Tesla Motors Inc. car eight months ago. The regulators said they have found no safety defects in the vehicle's automated driving system and that Tesla's Autopilot-enabled vehicles did not need to be recalled.
comments powered by Disqus
Follow RTT