Polkomtel to postpone its IPO (Poland)
www.WirelessFederation.com/news: Polkomtel may change the date of its initial public offering (IPO) and the floatation is expected to shift until Q3 while it was supposed to take place in Q1 2010.
Refiner and petrol retailer PKN Orlen (24.39%), copper and silver producer KGHM (24.39%) and Electricity Company Polska Grupa Energetyczna (PGE, 21.85%) are the three largest shareholders of the company.
One of the shareholders Orlen announced last year that it needs additional funds and therefore wants Polkomtel to be floated.
25% stake to be sold by ER-Telecom (Russia)
www.WirelessFederation.com/news: 25 percent stake in Russian cable operator ER-Telecom is planned to be sold by its shareholders, however, the name of the potential investors has not been divulged. The capital injection is expected to help finance the company’s planned USD 500 million in CAPEX for the coming five years.
Plan for an IPO is also on the cards. The operator is active in 12 cities and plans to invest RUB 2 billion this year to expand to five more cities and a network footprint of 900,000 households.
According to the CEO of the company, Andrey Semerikov, the consolidation trend in the industry appears to be over with the focus on organic growth and the company would not shy away from any potential negotiations. There are rumors that big three operators in the market and Svyazinvest are interested in acquiring ER-Telecom.
