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Latest Satellite News Discussion, ER Telecom eyes sale at General Satellite News forum; ER Telecom eyes sale 16 Mar 10 - Russian telco ER Telecom is looking to sell a stake in the ...

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ER Telecom eyes sale - 16-March-2010, 20:30

ER Telecom eyes sale
16 Mar 10 -

Russian telco ER Telecom is looking to sell a stake in the company to fund continued regional expansion, according to local reports.

ER Telecom has reportedly sent an invitation to buy shares to a number of investment banks. The telco had planned an IPO for the end of 2009 but the financial crisis prevented them from doing so. At the time, it had hoped a public listing would attract US$100m-300m (73m-219m).

The company is estimated to be valued at approximately US$460m.



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