OAO MegaFon, Russia’s second- largest mobile-phone operator, will pay owners TeliaSonera AB, AF Telecom and Altimo $5.15 billion in dividends and pursue an initial public offering in London, ending a governance dispute.
OAO MegaFon, Russia’s second- largest mobile-phone operator, may raise as much as $4 billion in an initial public offering and plans to interview banks as early as this weekend, according to two people with knowledge of the plan.
TeliaSonera AB, the Nordic region’s second-largest phone company, exited Cambodia and agreed to raise its stake in a unit in Nepal, part of a plan to focus on emerging markets where it’s one of the market leaders.
TeliaSonera AB said a Russian court ruled in favor of a lawsuit seeking to block the planned merger of its stake in OAO MegaFon, the country’s third-largest wireless phone company, with that of Alfa Group.
A dividend for shareholders of Turkcell Iletisim Hizmetleri AS, Turkey’s biggest mobile phone company, won’t be approved at a meeting today amid a dispute over the makeup of its board of directors, TeliaSonera AB said.
TeliaSonera AB and billionaire Mikhail Fridman ’s Alfa Group said they plan to appeal a Russian court decision aimed at stopping the merger of their stakes in OAO MegaFon, Russia’s third-largest wireless operator.
TeliaSonera AB will press for the replacement of Turkcell Iletisim Hizmetleri AS Chairman Colin Williams at a meeting of the unit’s shareholders today, said Cecilia Edstroem, spokeswoman for TeliaSonera.
Polkomtel SA received a joint offer from TPG Capital and Blackstone Group LP as Poland’s largest mobile-phone operator may be sold in a deal valued at more than $5 billion, according to two people with knowledge of the bid.