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Mobil'nye TeleSistemy OAO And Vimpelcom Ltd Offer Up To $4.25 Billion For Tele2 Assets, Mikhail Fridman's A1 Investment Group And VTB Bank OAO In Race For Unit-Reuters


Thursday, 28 Mar 2013 04:47pm EDT 

Reuters reported that Russian mobile companies Mobil'nye TeleSistemy OAO (MTS) and Vimpelcom Ltd joined the bidders for Tele2 AB's Russian unit on Thursday, rivaling a proposal by billionaire Mikhail Fridman's A1 investment group and an agreed deal with VTB Bank OAO. MTS and Vimpelcom are offering to buy the asset for $4.0 billion to $4.25 billion, including $1.15 billion of net debt, claiming their bid was at a premium of up to 30% over the agreed deal with VTB. A1 topped VTB's offer with an all-cash bid of $3.6-$4 billion and said it was also considering an offer for the whole of the parent, Nordic telecoms group. State-controlled bank VTB agreed on Wednesday to buy Tele2 Russia in a deal that puts an enterprise value - or equity plus debt - on the business of $3.5 billion. 

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29 Aug 2014