Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  MOSCOW INTERBANK CURRENCY EXCHANGE  >  Megafon PAO    MFON   RU000A0JS942

SummaryNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Megafon : Telia Proposes Sale of 5.65% Stake in MegaFon

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/02/2017 | 07:01pm CEST
   By Adria Calatayud 
 

Scandinavian telecom operator Telia Co. AB (>> TeliaSonera) on Monday said it has proposed the sale of 35 million shares, or 5.65% of the issued share capital, in Russia-based MegaFon (>> Megafon PAO).

The Swedish company said it has launched an accelerated bookbuilding offering to institutional investors, a transaction it expects to settle on Oct. 5. The offer price and final number of shares sold will be determined at the conclusion of the process, it said.

Telia, which currently holds a 25.2% interest in MegaFon, said the proposed sale is consistent with its strategy of focusing on operations in the Nordics and Baltics. The sale would reduce its stake to 19.5%.

Write to Adria Calatayud at [email protected]

Stocks mentioned in the article : TeliaSonera, Megafon PAO
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on MEGAFON PAO
10/02DJMEGAFON : Telia Proposes Sale of 5.65% Stake in MegaFon
10/02 MEGAFON : National Settlement Depositary (NSD) and Raiffeisenbank Complete First..
09/29 MEGAFON : places bonds at record low rate
09/28 MEGAFON : opens subscription for ruble bonds
09/21 MEGAFON : receives one of the highest credit ratings for a Russian corporate at ..
09/19 MEGAFON : foreign currency rating upgraded above sovereign level by S&P Global
08/30 MEGAFON : announces financial and operating results for Q2 2017 and 1H 2017
08/29 MEGAFON : Statement with respect to press speculation on Euroset
08/18 MEGAFON : Election of the Chairman of the Board and other organizational matters
08/15 MEGAFON : Notification of Dividend Payment
More news
News from SeekingAlpha
2016 Megafon paying $740M to take control of Mail.ru
2016 VimpelCom, Megafon team on building mobile towers
2015 FITCH : VimpelCom debts stable despite dollar-rate risk
2015 Moody's raises outlook for European telecoms on returning revenue growth
2015 Telefonica, Megafon expand partnership
Financials ( RUB)
Sales 2017 341 B
EBIT 2017 62 994 M
Net income 2017 -
Debt 2017 221 B
Yield 2017 6,90%
P/E ratio 2017 37,86
P/E ratio 2018 10,34
EV / Sales 2017 1,72x
EV / Sales 2018 1,61x
Capitalization 366 B
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 4
Average target price 676  RUB
Spread / Average Target 14%
EPS Revisions
Managers
NameTitle
Sergey Vladimirovich Soldatenkov Chief Executive Officer
Vladimir Yakovlevich Streshinskiy Chairman
Anna Andreevna Serebryanikova Chief Operating Officer
Gevork Artyunovich Vermishyan Chief Financial Officer
Pavel Viktorovich Korchagin Chief Technology Officer
Sector and Competitors
1st jan.Capitalization (M$)
MEGAFON PAO6 397
BHARTI AIRTEL LIMITED41.01%28 645
MTN GROUP LIMITED0.55%17 641
DRILLISCH49.02%12 804
SAFARICOM LIMITED--.--%9 614
DIGI.COM BHD--.--%9 008