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May 05, 2015 6:37 AM ET

Wireless Telecommunication Services

Company Overview of Open joint stock company MegaFon

Company Overview

Open Joint Stock Company MegaFon, together with its subsidiaries, provides telecommunication services primarily in the Russian Federation, Tajikistan, Abkhazia, and South Ossetia. It offers a range of voice, data, and other telecommunication services, including wireline and wireless services to retail customers, businesses, government clients, and other telecommunication services providers, as well as provides financing services. The company also provides local and long-distance telephony, data transmission, broadband access, and communication channels leasing services, as well as supplies multi-media content, ring tones, geo-positioning services, mobile payments, and other value added servi...

30, Kadashevskaya Embankment

Moscow,  115035

Russia

Founded in 1993

Phone:

7 499 755 2155

Fax:

7 499 755 2175

Key Executives for Open joint stock company MegaFon

Open joint stock company MegaFon does not have any Key Executives recorded.

Open joint stock company MegaFon Key Developments

Megafon Expands LTE Network in St Petersburg

Megafon has expanded its LTE network in the St Petersburg region. Over 130 agglomerations are currently covered in the region, including Kirovsk, Mga, Volkhov, Lodeynoye-Pole, Shlisselburg, Kirishi, Vyborg, and the whole resort area of the city of St Petersburg. GSM and 3G networks have been expanded in numerous locations as well. Megafon raised the number of its LTE base stations by 50% last year in the city and region of St Peterburg.

Megafon Expands the Coverage of its LTE Network in the Astrakhan Region

Megafon has expanded the coverage of its LTE network in the Astrakhan region. The town of Narimanov, with 11,000 residents, has been covered, with broadband speeds reaching 17-20 Mbps. The operator's LTE services are currently accessible in all municipal centres across the region, taking in almost 70% of the region's population.

OJSC MegaFon Announces Unaudited Consolidated and Non-IFRS Earnings Results for the First Quarter Ended March 31, 2015; Provides Capital Expenditures Guidance for 2013 to 2015

OJSC MegaFon announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company's revenue declined 1.2% to RUB 73,983 million against RUB 74,876 million a year ago, but net profit was slightly up as a result of earnings on the sharp currency fluctuations. OIBDA went down to 1.7% year-on-year to RUB 31.9 billion against RUB 32,503 million a year ago. Capex fell 3.1% year-on-year to RUB 8,093 million against RUB 8,353 million a year ago. Net profit rose 2.4% to RUB 7.4 billion compared to RUB 7,228 million a year ago. Free cash flow amounted to RUB 12,109 million against RUB 13,552 million a year ago. Net Debt as of March 31, 2015 was RUB 129,063 million. Diluted EPS were RUB 12 per share. Net cash flows from operating activities were RUB 19,019 million against RUB 26,056 million a year ago. Purchase of property, equipment and intangible assets was RUB 10,196 million against RUB 15,445 million a year ago. For the quarter, on the non-IFRS basis, the company reported operating profit of RUB 17,946 million against RUB 18,398 million a year ago. OIBDA was RUB 31,964 million against RUB 32,503 million a year ago. The company expects capital expenditures for 2013 to 2015 to be in the range of RUB 165 billion to RUB 180 billion.

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