Russian firm's IPO raises $1.56 Billion

Article Abstract:

Russian conglomerate AFK Sistema raised $1.56 billion in a securities floatation on the London Stock Exchange. The telecommunications and business conglomerate is valued at more than $8 billion with the largest ever Russian initial public offering.

United Kingdom, Telephone Communication, Security brokers and dealers, Russia, Securities & Commodities Services, Securities, Commodity Contracts, and Other Financial Investments and Related Activities, Securities industry, Company Profile, AFK Sistema

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South Africa cuts Telkom's price

Article Abstract:

Telkom Ltd.'s share offering has been lowered to 27-30 rang (3.08-3.43 euros) per share by the South African government. The original share price was 33.50-40.90 rand per share.

South Africa, Securities prices, Telkom South Africa

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Telecom Italia plans debt issue for U.S. investors

Article Abstract:

Telecom Italia acknowledged that it is planning to issue new debt for investors in the U.S. The company's board approved a 10 billion euros medium-term note program.

Italy, Telecom Italia S.p.A., TI

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