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

Editors Pick
Life expectancy at birth in the U.S. is already lower than most other developed nations and is now projected to fall further behind by 2030, according to a new study. It also suggests that by 2030, national female life expectancy in South Korea could break the 90 year barrier. Department store chain J.C. Penney Co. Inc. on Friday reported a turnaround to profit in the fourth quarter as a slight decline in sales was more than offset by lower expenses. Adjusted earnings per share for the quarter beat analysts' expectations, while revenues slightly missed their estimates. Earlier today, J.C. Penny announced a plan to optimize its national retail operations. Google is planning to significantly expand a carpool service on its navigational app Waze, according to a report in the Wall Street Journal. The move indicates the company is edging closer to a potential clash with ride-hailing service Uber Technologies Inc.
comments powered by Disqus
Follow RTT