MegaFon announces the price range for its initial public offering

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TeliaSonera confirms that MegaFon today has announced its publication of the prospectus and price range for its initial public offering (IPO).


The price range has been set at USD 20 to USD 25 per share. The offering is expected to represent a minimum offer size of USD1.7 billion. Pricing is expected to be announced and trading is expected to commence on November 28.


MegaFon’s market capitalization is valued at approximately USD 11 billion to USD 14 billion on the basis of the price range.


“We are happy to have reached this stage of the process and expect to receive proceeds of SEK 9 billion to SEK 11 billion following a successful completion of the IPO”, says Lars Nyberg, President and CEO.


As originally articulated on April 24, depending on the results of the IPO, TeliaSonera may reduce its current 35.6 percent ownership and still keep a long term strategic ownership of at least 25 percent plus one share in MegaFon after the IPO.


Please visit MegaFon press room for full press release.


Please visit our press room for the press release on MegaFon’s intention to proceed with initial public offering, October 9.


TeliaSonera AB discloses the information provided herein pursuant to the Swedish Securities Markets Act and/or the Swedish Financial Instrument Trading Act. The information was submitted for publication at 07.00 .am., 15.112012.


For more information, please call the TeliaSonera press office 46-771 77 58 30, press@teliasonera.com or visit our Newsroom or follow us on Twitter@TLSN_Media.


These materials are not an offer for sale of securities in the United States. Securities may not be sold in the United States absent registration with the United States Securities and Exchange Commission or an exemption from registration under the U.S. Securities Act of 1933, as amended (the “Securities Act”). In particular, the securities have not been and will not be registered under the Securities Act, and may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. The securities will not be registered under applicable securities laws of any state, province, territory, county or jurisdiction of the United States, Australia, Canada or Japan. Accordingly, unless an exemption under the relevant securities law is applicable, any such securities may not be offered, sold, resold, delivered or distributed, directly or indirectly, in or into the United States, Australia, Canada, Japan or any other jurisdiction if to do so would constitute a violation of the relevant laws of, or require registration thereof in, such jurisdiction. There will be no public offering of such securities in the United States.


This document is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (iii) high net worth companies, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons in (i), (ii) and (iii) above together being referred to as “relevant persons”). The securities are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.


In any EEA Member State that has implemented the Prospectus Directive, the information and documents on this portion of the website are only addressed to and are only directed at qualified investors in that Member State within the meaning of the Prospectus Directive (“Prospectus Directive” means Directive 2003/71/EC (and amendments thereto, including the 2010 PD Amending Directive, to the extent implemented in the Relevant Member State), and includes any relevant implementing measure in each Relevant Member State and the expression “ 2010 PD Amending Directive” means Directive 2010/73/EU).


These materials and information contained therein are not a public offer or advertisement of securities in the Russian Federation and are not an offer, or an invitation to make offers, to purchase, sell, exchange or transfer any securities in the Russian Federation or to or for the benefit of any Russian person or entity, unless and to the extent otherwise permitted under Russian law, and must not be made publicly available in Russia.  Information contained in these materials is intended only for persons who are "qualified investors" within the meaning of Article 51.2 of the Federal Law No. 39-FZ "On the Securities Market" dated 22 April 1996, as amended (the "Russian QIs") and must not be made available to any persons who are not Russian QIs or otherwise permitted under Russian law to access such information.  The GDRs have not been and will not be registered in Russia and are not intended for “placement”, “public circulation” , “offering” or “advertising” (each as defined in Russian law) in the Russian Federation except as permitted by Russian law.


Forward-Looking Statements


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