Xavier Niel s Salt Mobile Shelves Plans for IPO swissinfo.ch - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swissinfo.ch Daily Mail and Mail on Sunday newspapers.
Global 5G Fixed Wireless Access Market is valued at USD 498.1 Million in 2020 and expected to reach USD 146317.2 Million by 2027 with a CAGR of 125.2% over.
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ZURICH (Reuters) - Switzerland s no.3 telecoms group Salt is preparing for a Zurich stock market flotation in the autumn in a deal that could value the company at about 2.5 billion Swiss francs ($2.7 bln), three people close to the matter said.
French entrepreneur Xavier Niel is seeking an exit after seven years of investment, they added.
The company is expected to sell shares worth roughly 700 million Swiss francs ($757 million), mainly new shares from a capital increase, the people said.
Credit Suisse, Goldman Sachs, Morgan Stanley and BNP Paribas are organising the flotation, they added.
Salt said that the company and its owner are considering financing options, including an IPO, adding that no decisions have been taken. The banks declined to comment or were not immediately available for comment.
Oliver HirtArno Schuetze
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A logo logo is seen at the seat of Swiss stock exchange operator SIX Group in Zurich, Switzerland June 17, 2019. REUTERS/Arnd Wiegmann
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ZURICH, June 30 (Reuters) - Switzerland s no.3 telecoms group Salt is preparing for a Zurich stock market flotation in the autumn in a deal that could value the company at about 2.5 billion Swiss francs ($2.7 bln), three people close to the matter said.
French entrepreneur Xavier Niel is seeking an exit after seven years of investment, they added.
The company is expected to sell shares worth roughly 700 million Swiss francs ($757 million), mainly new shares from a capital increase, the people said.
Exclusive: Swiss telecoms group Salt targets $2 7 billion valuation in autumn float -sources msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.