Further developments in the Russian market – MegaFon prepares towers for market

Hot on the heels of Vimpelcom’s news, a second Russian MNO appears to be preparing to bring its towers to market

According to Russian business daily newspaper ‘Vedomosti’, MegaFon, Russia’s second biggest MNO, has spun out its towers into a separate business, with a view to divestment in the near future. This news comes within days of reports in the Russian press that competitor BeeLine (owned by Vimpelcom) has appointed Merrill Lynch to oversee the sales process of around 7,000 towers in Russia,…

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