MegaFon Says Russian Telcos Face Margin Decline Amid Competition

  • Company targets 2016 Oibda at 38% of sales from 42% last year
  • Weaker ruble boosts network costs, while users don't pay more

MegaFon PJSC, Russia’s second-largest wireless carrier, says it expects a significant decline in its operating profit margin this year as competition in the market intensifies and the weakening ruble pushes up foreign-currency linked network costs.

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