Telia Company divests its stake in MegaFon
Telia Company has agreed to sell its 19.0 percent holding in MegaFon to Gazprombank. The transaction is in line with Telia Company’s strategy to focus on the Nordics and Baltics.“Telia Company is one of the founders of MegaFon and we have since the inception actively contributed to its success of becoming a mobile and digital leader in Russia. After recently commencing our exit from MegaFon by placing 6.2 percent of our holding on the open stock market, this divestment now puts an end to Telia Company's ownership in MegaFon in accordance with our strategy to focus on the Nordics and Baltics,