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TeliaSonera Says It’s Participating in Talks on MegaFon

TeliaSonera AB, Sweden’s biggest phone company, said it’s negotiating with investment partners Altimo and AF Telecom on the future of OAO MegaFon, Russia’s second-largest mobile operator.

“The three main shareholders are in talks since about three months back regarding the ownership structure and future governance of MegaFon,” Cecilia Edstroem, a spokeswoman at Stockholm-based TeliaSonera, said in a phone interview, declining to elaborate further on a statement today that the discussions are taking place. Altimo Vice President Evgeny Dumalkin also verified the talks during a phone interview.