TeliaSonera rejigs deal ahead of $750m Kcell IPO

December 22, 2011 12:00 AM

TeliaSonera plans a 2012 initial public offer to sell a stake of 25% less one share in Kazakhstan’s Kcell in a deal that should be worth around $750m. It has yet to appoint banks for the IPO which will take place on the Kazakhstan Stock Exchange.

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