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.

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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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