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October 07, 2015 4:31 AM ET

Wireless Telecommunication Services

Company Overview of Public Joint Stock Company MegaFon

Company Overview

Public Joint Stock Company “MegaFon”, together with its subsidiaries, provides telecommunication services to retail customers, businesses, government clients, and other telecommunication services providers 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, interconnection services, data transmission services, and value added services. The company also provides local and long-distance telephony, broadband access, and communication channels leasing services, as well as digital TV and IP telephony services. In addition, it offers financing services; develo...

30, Kadashevskaya Embankment

Moscow,  115035


Founded in 1993


7 499 755 2155


7 499 755 2175

Key Executives for Public Joint Stock Company MegaFon

Public Joint Stock Company MegaFon does not have any Key Executives recorded.

Public Joint Stock Company MegaFon Key Developments

Megafon Launches LTE-A Network in Samara

Megafon has launced its LTE-Advanced (LTE-A) network in the city of Samara. Samara has become the eighth city in Russia to get Megafon's LTE-A network. Several dozen LTE-A base stations currently operate in the city. Megafon plans to raise the number eight-fold within a year in order to cover all residential neighborhoods.

Megafon Expands LTE Network in Kaluga

Megafon has raised the coverage of its LTE network in the Kaluga region. Work has been carried out in the cities and towns of Kaluga, Obninsk, Maloyaroslavets, Zhukov, Belousovo and Kremenki. The operator plans to raise the number of LTE base stations by 42% by the end of the year. The network currently covers half of the region's population.

MegaFon Reportedly plans To Divest Cell Towers

Public Joint Stock Company MegaFon (LSE:MFON) plans to spin off its cell towers into a separate firm and divest them, daily Vedomosti reported quoting a company spokesperson. A source close to MegaFon stated that the potential transanction will engage the bulk of towers, totaling some 14,000 units across the country. The towers are valued at several dozens of billions of rubles by the company. MegaFon has at least one potential buyer, CJSC Russian Towers, which was earlier known to be ready to acquire towers from a cell operator until the end of 2015.

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