Morgan Lewis acted for ISM Capital LLP, GMP Securities L.P. and Byron Capital Markets Ltd as arrangers, as well as ISM Capital LLP and GMP Securities L.P. as co-bookrunners.

Telcrest Investments Limited will acquire 25.1% of CTC Media Inc.'s shares from Alfa CTC Holdings Limited for approximately US$1.07 billion. CTC is Russia's leading independent television broadcaster.