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

MEGAFON PAO (MFON)
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Megafon : Telia Proposes Sale of 5.65% Stake in MegaFon

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10/02/2017 | 07:01pm CET
   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
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Latest news on MEGAFON PAO
12/01 MEGAFON : reports Q3 2017 results
11/28 MEGAFON : and Rostelecom Agree to Jointly Develop 5G
11/09 MEGAFON : Statement on ownership change
11/07 MEGAFON : Announces New Appointment
11/07 MEGAFON : Notice of Third Quarter / 9 Months 2017 Results
10/31 MEGAFON : Statement with respect to the divestment of Telia’s stake in Meg..
10/31DJTelia Company Sells Remaining Stake in MegaFon for $1.04 Billion
10/26 MEGAFON : Resolutions taken by the Board of Directors
10/26 MEGAFON : Announces Management Changes
10/23 MEGAFON : Redemption of Ruble bonds
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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 336 B
EBIT 2017 61 934 M
Net income 2017 26 813 M
Debt 2017 221 B
Yield 2017 8,12%
P/E ratio 2017 17,70
P/E ratio 2018 9,51
EV / Sales 2017 1,62x
EV / Sales 2018 1,52x
Capitalization 323 B
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 6
Average target price 676  RUB
Spread / Average Target 30%
EPS Revisions
Managers
NameTitle
Sergey Vladimirovich Soldatenkov Chief Executive Officer
Vladimir Yakovlevich Streshinskiy Chairman
Anna Andreevna Serebryanikova Chief Operating Officer
Alexander Barunin Chief Financial Officer
Pavel Viktorovich Korchagin Chief Technology Officer
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