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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.
TeliaSonera has reportedly cut its sales outlook in Spain for the rest of the year, citing lower revenues in the country.
Swedish operator Tele2 is set to sell its Norwegian subsidiary to TeliaSonera for approximately $744 million.
US-based fibre provider Zayo has announced plans to raise $100 million in an initial public offering (IPO).
It would be very easy for Level 3 Communications to rest on its laurels. However, the temptation to add tw telecom to its growing list of subsidiaries appeared too good to miss.
Nordic carrier TeliaSonera International Carrier has launched a new 4G roaming solution designed to enable operators to provide high-speed LTE services abroad.
Swedish cable operator Com Hem is reportedly planning to launch an initial public offering (IPO) to list its shares on the Stockholm stock exchange.