Deutsche Telekom Selling Stake in OJSC
An AP newswire article, via Yahoo! News, reports that:
Deutsche Telekom AG will sell its stake of about 10 percent in Russia's OJSC Mobile TeleSystems, the German company said Monday.
The sale will begin Monday on the Russian capital markets, Deutsche Telekom said in a brief statement.
UBS Investment Bank and Deutsche UFG have been appointed jointly responsible for managing the sale of the stake, Deutsche Telekom said.
Last month Russian financial-industrial holding company AFK Sistema said it was still talking to Deutsche Telekom about buying the 10 percent stake in Mobile TeleSystems, or MTS.
posted by Fergie @ 9/12/2005 07:59:00 AM
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