TeliaSonera and Altimo agreed to merge their interests in Turkcell and Megafon into a new company, which will be listed on the New York Stock Exchange. AF Telecom, Megafon’s third major shareholder, is also invited to join the partnership, though we’re not sure about their response at this moment.
The idea is to create an international operator, with over 90 million subscribers in Russia, Turkey and the CIS countries, which will focus on developing both Turkcell and MegaFon, as well as look for expansion into new emerging markets.
Both Turkcell and Megafon will continue to operate as separate companies, retaining their own brands and marketing strategies…
[Via: CellularNews]