Telecom company RCS & RDS plans to list about 15% of its shares at on the London Stock Exchange through a global issue of deposit certificates (GDR) to attract about 500 million dollars, Reuters informs.

The offer gives the company a total market value of 3.5 billion dollars. Experts expect its shares will be traded by December.

According to Reuters, RCS&RDS top executive Alexandru Oprea said that the company will use the money to expand on other Central Eastern European markets. Moreover, the company plans to further develop its cable TV, broadbrand internet and 3G mobile phone operations.