"Megaphone" will allocate cell towers in a separate company and think about selling it
Megafon PJSC intends to separate its cell towers into a separate company. The operator will begin with an inventory of the infrastructure, and then work on the selection of management to manage the new company. MegaFon has about 14,000 towers. “We are seriously considering this opportunity for ourselves,” the operator’s general director Ivan Tavrin told reporters. But this process "will definitely take more than one quarter," he added.
The operator's manual does not exclude that in the future the new company will be sold. In the near future, the issue of allocating the company will be considered by the board of directors of MegaFon. The meeting of shareholders will take place when the specific transaction is ready.
You should not focus on the formal decision of the board of directors, its members support the decision of the management to allocate infrastructure into a separate subsidiary, Tavrin also said.
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"Megamind" wrote that the operator Vimpelcom put up for sale 50 thousand towers for base stations in Russia and the near abroad. The company plans to get $ 5 billion for them. Vimpelcom is ready to sell towers in Russia, Ukraine, Kazakhstan, Armenia, Kyrgyzstan, Uzbekistan, Tajikistan and Georgia.
“In general, the direction of infrastructure monetization [sale of towers] is an interesting way to get extra money for network development,” commented Alexander Popovsky, vice president of corporate strategy and business development, at VimpelCom.
According to interlocutors Bloomberg, the operator thus tries to compensate for their losses. The holding towers can be separated into a separate infrastructure company with an industrial or financial partner. An IPO is also being considered for this company.
“Owning such an infrastructure is a stable and high-margin business, tower companies around the world have a margin of 60–70%. The multipliers of such companies are higher than those of cellular operators, but it’s too early to talk about multipliers in the case of Russian companies, as there have been no precedents [for highlighting towers], ”Tavrin told Interfax.
In the third quarter of 2015, Megaphone increased revenues by 0.3% (to 81.2 billion rubles) and profit by 4% (to 11.3 billion rubles) compared to the same period in 2014. According to the reporting , the main driver of revenue for MegaFon was the growth in the use of mobile Internet by subscribers. This is what enabled the operator for the first time in a year to show revenue growth for the quarter.
The operator's manual does not exclude that in the future the new company will be sold. In the near future, the issue of allocating the company will be considered by the board of directors of MegaFon. The meeting of shareholders will take place when the specific transaction is ready.
You should not focus on the formal decision of the board of directors, its members support the decision of the management to allocate infrastructure into a separate subsidiary, Tavrin also said.
')
"Megamind" wrote that the operator Vimpelcom put up for sale 50 thousand towers for base stations in Russia and the near abroad. The company plans to get $ 5 billion for them. Vimpelcom is ready to sell towers in Russia, Ukraine, Kazakhstan, Armenia, Kyrgyzstan, Uzbekistan, Tajikistan and Georgia.
“In general, the direction of infrastructure monetization [sale of towers] is an interesting way to get extra money for network development,” commented Alexander Popovsky, vice president of corporate strategy and business development, at VimpelCom.
According to interlocutors Bloomberg, the operator thus tries to compensate for their losses. The holding towers can be separated into a separate infrastructure company with an industrial or financial partner. An IPO is also being considered for this company.
“Owning such an infrastructure is a stable and high-margin business, tower companies around the world have a margin of 60–70%. The multipliers of such companies are higher than those of cellular operators, but it’s too early to talk about multipliers in the case of Russian companies, as there have been no precedents [for highlighting towers], ”Tavrin told Interfax.
In the third quarter of 2015, Megaphone increased revenues by 0.3% (to 81.2 billion rubles) and profit by 4% (to 11.3 billion rubles) compared to the same period in 2014. According to the reporting , the main driver of revenue for MegaFon was the growth in the use of mobile Internet by subscribers. This is what enabled the operator for the first time in a year to show revenue growth for the quarter.
Source: https://habr.com/ru/post/295834/
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