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29 November 2012
Kazakhstan’s largest mobile operator, Kcell, expects its IPO to raise between $525 and $650 million when it floats 25% of its shares next month.
The operator is hoping for strong investor interest after a
disappointing debut listing from Russian operator MegaFon this
The London and Almaty listing has a price range of $10.50 to
$13.00 per global depositary receipt indicating a lower value
than when TeliaSonera paid $1.52 billion for a 49% stake in
Kcell in February.
Nordic operators Telenor and TeliaSonera have today revealed that they will merge their Danish operations to form a joint venture.
Norway’s competition authority, Konkurransetilsynet, has today revealed a number of concerns over TeliaSonera’s acquisition of Tele2’s Norwegian operations.
Thai telecoms group Jasmine International has announced plans to raise up to $1.98 billion through an infrastructure fund IPO.
The German Supreme Court (BHG) has accused Deutsche Telekom of inadequately informing potential investors buying shares in its 2000 IPO, Reuters reports.
Orange is reportedly considering launching an IPO of its African assets in order to raise funds for its European business.
TeliaSonera has agreed to acquire cloud and hosting service Ipeer in Sweden.