Reuters via Moscow Times 10 April 2012
Russian billionaire Alisher Usmanov may trade a part of his stake in the country’s No.2 mobile phone operator MegaFon for control in next-generation telecoms provider Yota, business daily Vedomosti reported on Tuesday.
The deal would be subject to Usmanov’s purchase of 25.1 percent in MegaFon from tycoon Mikhail Fridman, which would see Usmanov raise his stake to a controlling 56.2 percent from 31.1 percent.
He is already in talks with Yota owners Telconet Capital and state corporation Russian Technologies about swapping shares in MegaFon for a stake, the newspaper said.
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The Moscow Times