MainMarket in Brief

Kommersant

Operator of Cellular Towers Service-Telecom Heads for IPO within Two Years

September 13, 2021, 15:18 (UTC+3)|
52

Service-Telecom, which operates cellular towers, may hold an IPO within the next two years. According to Kommersant, citing sources, the value of the asset will exceed $1 billion with shares worth at least $400 million offered for placement.

Nikolay Berdin, the CEO of Service-Telecom, confirmed the company's plans to enter the public market in the "mid-term". According to him, the choice of stock exchange will depend on where the company receives the highest rating.


Connect with

Nikolay Berdin, the CEO of Service-Telecom


Earlier it was announced that Service-Telecom agreed with the VEON holding (the parent company of Beeline) on the acquisition of the National Tower Company and about 15.4 thousand antenna mast structures. The closing of a deal estimated at $965 million (70.65 billion rubles) is expected the fourth quarter of 2021.

Original (in Russian)

Share:

Learn more about Moscow IT Market by subscribing to our newsletters

By clicking the button you agree to Privacy Policy

Unless otherwise stated, the content is available under Creative Commons BY 4.0 license

Supported by the Moscow Government