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Russia's Gazprombank says Megafon stake a short-term investment

Reuters

MINSK (Reuters) - Gazprombank (GZPRI.MM) considers its holding in Russia's second-biggest mobile phone operator Megafon (MFON.MM) a short-term investment, Alexander Sobol, deputy chairman of Gazprombank's management board, said on Thursday.

Gazprombank bought a 19 percent stake in Megafon for around $1 billion from Nordic telecom operator Telia (TELIA.ST) last October.

(Reporting by Andrei Makhovsky; writing by Maria Kiselyova; Editing by Adrian Croft)