OAO Mobile TeleSystems, Russia’s largest wireless operator, is studying an acquisition of pay-TV and Internet provider Akado to expand in the broadband business in the Moscow region, a person familiar with the matter said.
OAO MegaFon, Russia’s second-largest mobile operator by revenue, overtook bigger rival OAO Mobile TeleSystems by market value after pledging to pay $1.3 billion in dividends and beating analysts’ earnings estimates.
VimpelCom Ltd., Russia’s third- largest mobile provider, is trading at the cheapest-ever level versus rival OAO MegaFon on concern expansion abroad is hobbling the company’s ability to compete in its biggest market.
OAO MegaFon, Russia’s second-largest wireless carrier by customers, will push ahead with a share-sale plan that could become the largest initial public offering by a Russian company since VTB Bank’s in 2007.
OAO MegaFon, Russia’s second-largest mobile-phone operator, plans to raise as much as $2.1 billion in the biggest initial public offering by a company from the country since United Co. Rusal’s sale almost three years ago.
OAO MegaFon, Russia’s second-largest mobile-phone operator, fell in its first day of trading after raising $1.7 billion, signaling investor skepticism toward emerging-market wireless assets amid a slowing economy.