Speculation regarding ownership structure in MegaFon
- 2012-04-11 06:30 UTC
Due to recent media speculation, TeliaSonera confirms that discussions are held between TeliaSonera, AF Telecom and Altimo regarding the future ownership structure and governance of MegaFon. These discussions have so far not led to any agreement, but if and when an agreement is reached, TeliaSonera will present information in accordance with the relevant stock exchange rules.
MegaFon was founded in 2002 and is today the second largest mobile operator in Russia with a market share of 26 percent according to the consulting company AC&M. As of December 31, 2011, the company had 62.8 million subscribers. In 2011, consolidated revenues grew 12.6 percent to RUB 242.6 billion.
TeliaSonera’s current ownership in MegaFon is 43.8 percent, of which it holds 35.6 percent directly and 8.2 percent indirectly through its 26.1 percent ownership in Telecominvest. AF Telecom’s ownership is 31.3 percent of which it holds 8.0 percent directly and 23.3 percent indirectly through its 73.9 percent ownership in Telecominvest . Altimo’s ownership is 25.1 percent.
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 8:30 a.m. CET on April 11 2012.
For more information, please call the TeliaSonera press office + 46-771 77 58 30, email@example.com
Statements made in the press release relating to future status or circumstances, including future performance and other trend projections are forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. There can be no assurance that actual results will not differ materially from those expressed or implied by these forward-looking statements due to many factors, many of which are outside the control of TeliaSonera.
TeliaSonera provides network access and telecommunication services in the Nordic and Baltic countries, the emerging markets of Eurasia, including Russia and Turkey, and in Spain. TeliaSonera helps people and companies communicate in an easy, efficient and environmentally friendly way. Our ambition is to be number one or two in all our markets, providing the best customer experience, high quality networks and cost efficient operations. TeliaSonera is also the leading European wholesale provider with a wholly-owned international carrier network. In 2011, net sales amounted to SEK 104 billion, EBITDA to SEK 36.9 billion and earnings per share to SEK 4.20. The TeliaSonera share is listed on NASDAQ OMX Stockholm and NASDAQ OMX Helsinki. Read more at www.teliasonera.com.