MegaFon investors seek US11B in IPO - Mobile World Live

MegaFon investors seek US11B in IPO

16 OCT 2012

Investors in Russian number-two operator MegaFon are looking to raise US$11 billion from share sales through its planned IPO, according to Bloomberg sources. The valuation is below the US$12-16 billion fair trade valuation put forward by investment analysts. MegaFon is controlled by Russia’s richest man Alisher Usmanov and partially owned by Sweden’s TeliaSonera.


Tim Ferguson

Tim joined Mobile World Live in August 2011 and works across all channels, with a particular focus on apps. He came to the GSMA with five years of tech journalism experience, having started his career as a reporter... More

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