MTS and Vimpelcom Ltd interested in buying Tele2 Russia

OJSC "Mobile TeleSystems" with Vimpelcom Ltd. to the Chairman of the Board of Directors of Tele2 Mike Parton and President Tele2 Matsu Grenridu letter in which companies have expressed interest in buying Russian subsidiary Tele2, a subsidiary of Tele2 AB.

In a letter to the company are willing to jointly acquire 100% Tele2 Russia for $ 4.0 - 4.25 billion, including $ 1.15 billion of net debt. Thus, the amount of the premium for shareholders Tele2 AB may be up to 30% compared with the price offered before VTB Capital.

In a letter to the president of MTS Andrew Dubovskov and CEO of Vimpelcom Ltd Jo Lunder said: " We are very interested in how to make an alternative and, in our opinion, is clearly more attractive offer to shareholders Tele2 AB. We are confident that we can create much more value for your shareholders, and are ready to immediately begin negotiations for a deal in the near future . "

MTS President Andrew Dubovskov and CEO of Vimpelcom Ltd Jo Lunder also said: " The letter sent today, the management and the Board of Directors of Tele2 to discuss a possible deal, because the earlier representatives of MTS and Vimpelcom were not allowed to meet with management and the financial advisors for the purpose of Tele2 AB discuss the potential purchase of the company . "