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Market Cap £1.97bn
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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
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
plans IPO in mid-term, the paper added
    * Upon the closing of the VEON deal Service-Telecom will
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:
-- Note: Reuters has not verified this story and does not vouch
for its accuracy

 (Gdansk Newsroom)
 ((; +48 58 769 66 00))
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