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$1.35 -0.1  -4.9%

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Sector
Telecoms
Size
Mid Cap
Market Cap £1.97bn
Enterprise Value £8.83bn
Revenue £5.70bn
Position in Universe 1925th / 7405

MEDIA-Russian tower company Service-Telecom plans IPO within 2 years -Kommersant

Mon 13th September, 2021 7:03am
Sept 13 (Reuters) - Russian tower company Service-Telecom is
planning an initial public offering (IPO) within next two years,
Kommersant daily reported on Monday citing sources.
    * The company, which is buying Russian tower infrastructure
assets
from telecoms firm VEON  VON.AS , could be valued at more than
$1 billion and can offer shares for at least $400 million,
Kommersant said
    * Chief Executive Officer Nikolay Berdin confirmed
Service-Telecom
plans IPO in mid-term, the paper added
    * Upon the closing of the VEON deal Service-Telecom will
surpass
Vertical and Russian Towers and become the largest independent
tower company in Russia with 17,900 towers under management,
Renaissance Capital analysts estimated last week


    
    
-- Source link: https://bit.ly/3EaWviq
   
-- Note: Reuters has not verified this story and does not vouch
for its accuracy

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00))
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