On Monday, Megafon announced a tender offer to buy up to 128,950,036 of the issued and outstanding ordinary shares and GDRs, or 20.8 percent of the company's issued and outstanding equity, for a total of $1.26 billion as a part of its delisting plan.

(Reporting by Anastasia Teterevleva; Writing by Katya Golubkova; Editing by Louise Heavens)