VTB Sells 50% Tele2 Stake to Billionaire Consortium | Business | The Moscow Times:
"State bank VTB has agreed to sell 50 percent of Tele2 Russia, turning a quick profit and gaining investors with the expertise that could help it to challenge the dominance of the country's big three mobile phone operators.
VTB bought Russia's fourth-largest mobile operator from Sweden's Tele2 in April for $3.55 billion.
"It has been a profitable investment for us and we will stay as equal partners," Yury Soloviyev, first deputy president of VTB's management board, said.
Soloviyev declined to name the sale price, which has been put at $2 billion, including assumed debt, based on the price at which VTB has valued the stake on its books."
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