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 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.
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.
Turkcell Iletisim Hizmetleri AS, Turkey’s biggest mobile phone company, dropped after shareholders didn’t vote on a dividend from 2010 profit and an attempt by TeliaSonera SA to replace one or more board members was blocked on government objections.
Turkcell Iletisim Hizmetleri AS, Turkey’s largest mobile-phone company, couldn’t approve a proposed dividend of 75 percent from 2010 profit after shareholders failed to pass financial statements at an extraordinary assembly yesterday, according to a company statement.