Russian Playfon Seeking IPO

Russian mobile content company Playfon has reported an increase of annual revenues of 11 percent in 2006 to $14 million. The company is now seeking a new CEO to take it public — current CEO and owner Muslim Shortanov will step down, reports Alarm:Clock. Playfon operates in UK, Germany, Sweden, Russia, Ukraine, Kazakhstan and the Baltic States and has offices in Sweden, Russia and the Ukraine.

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