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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.
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.
Irish operator Eircom will not proceed with a stock market listing after a strategic internal review.
TeliaSonera’s Lithuanian subsidiary Omnitel, has partnered with Huawei to deploy the Chinese vendor’s Blade Site solution.
TeliaSonera’s Finnish arm, Sonera, has partnered with local operator DNA to develop a joint venture focussed on mobile network sharing in northern and eastern Finland.
Brazilian mobile infrastructure company T4U is to launch an IPO in a bid to tap into the increasing demand for towers in Latin America.
Zain Bahrain is looking to sell off a 15% stake in an IPO of the company and is seeking to raise approximately €18 million.