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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.
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.
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.
Zain Bahrain is looking to sell off a 15% stake in an IPO of the company and is seeking to raise approximately €18 million.