Globaltrans Buying Metalloinvest Freight Unit for $540M

Moscow Times 28 April 2012 Freight firm Globaltrans Investment is buying the railcar unit of iron-ore miner Metalloinvest for $540 million, boosting its fleet to about 60,000 units, it said Friday, as it forecast more consolidation for the sector. As part of the deal,...

Megafon ownership shaken up, IPO planned for H2 2012

East-West Digital News 23 April 2012 Megafon, Russia’s second largest mobile operator, has borrowed $4.5 billion with the intention of buying back investor Mikhail Fridman’s 25.1% stake, Reuters reported last week. If successful, the purchase will bring MegaFon closer...

TeliaSonera Says It’s in Talks on MegaFon

Bloomberg via Moscow Times 12 April 2012 HELSINKI — TeliaSonera, Sweden’s biggest phone company, said it’s negotiating with investment partners Altimo and AF Telecom on the future of MegaFon, Russia’s second-largest mobile operator. “The three...

Report: Usmanov May Swap Part of MegaFon Stake for Yota

Reuters via Moscow Times 10 April 2012 Russian billionaire Alisher Usmanov may trade a part of his stake in the country’s No.2 mobile phone operator MegaFon for control in next-generation telecoms provider Yota, business daily Vedomosti reported on Tuesday. The...