Announced
Financials
Sources
Tags
Joint Venture
Pending
Domestic
Friendly
tower infrastructure platform
Acquisition
Telecommunications Equipment
Private
Single Bidder
Spin Off
Majority
Russian Federation
Private Equity
Synopsis
MegaFon, a telecoms operator, and Kismet Capital-backed Vertical, a domestic tower firm, are set to form a joint venture. MegaFon is spinning off its tower infrastructure into a new independent joint venture with Vertical. The deal is set to close by the end of 2021. Financial terms were not disclosed. “The structure of the combined company assumes that neither MegaFon nor any other telecom operator will be able to gain control of the company or a majority in the board of directors," MegaFon.
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