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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.
Thai telecoms group Jasmine International has announced plans to raise up to $1.98 billion through an infrastructure fund IPO.
Telekom Austria has raised $1.24 billion in a share sale, which has seen majority-owner América Móvil and state holding company OIAG take up their pro rata shares.
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.
Spain’s Telefónica is reportedly looking to sell a stake in China Unicom, and expects to raise $859-$875 million from the sale.
Germany’s third-largest cable operator, Tele Columbus, is to launch an IPO by the end of the year in a bid to raise $380 million.