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, 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.
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 mobile operator by users, received more than enough orders to fill its initial public offering on the last day of the sale, according to two people with knowledge of the matter.
OAO MegaFon, the Russian wireless carrier planning an initial public offering, postponed its IPO marketing campaign the day it was supposed to begin, raising investor speculation that demand may have trailed expectations.