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Articles tagged with: Megafon
Megafon and Turkcell to be Merged into Single Holding Company
There is to be further tidying up of the often complex Russian-Nordic telecoms investments, after TeliaSonera and Altimo agreed to merge their respective direct and indirect interests in Turkcell and megafon, into a new company. The new company will be established in a western jurisdiction and listed on the New York Stock Exchange. more
Related Tags: teliasonera, altimo, turkcell, new-york, Russia
Georgian Regulator Fines Russian Operator for Unlicensed Operations
Georgia's telecoms regulator, the Georgian National Communications Commission imposed fine of GEL 1 million (US$590,000) on the Russia's megafon for allegedly carrying out out unlicensed operations in South Ossetia and other areas of Georgia's sovereign territory. more
Related Tags: georgian-national-communications-commission, national-communications-commission, Georgia
Nokia Siemens Networks Wins 60% of Russian 3G Tender
Russia's megafon has announced the outcome of a 3G network tender, with Nokia Siemens Networks supplying at least 60% of 3G Node -B Base Stations. megafon says that it shall decide upon the territory of the equipment supply within Russia at the same time there shall be no exclusivity rights provided to vendors. more
Related Tags: alcatel-lucent, ericsson, -nokia-siemens, huawei, zte, base, nokia-siemens, opex, Russia
MegaFon Sees 11% Drop in Q2 Profits on Currency Losses
Russia's smallest of the big three dominant operators, megafon has reported a 10.8% drop in second quarter profits, which it put down mainly to currency changes. The company reported a quarterly profit of RUB 9 billion (US$284.8 million), while revenues rose by 3.4 percent to RUB 43.9 billion (US$1.4 billion). more
Megafon Reported to have been Granted Iran's 3rd Mobile License
The Iranian TV channel, Press TV is reporting that Russia's megafon has been granted a license to build a mobile phone network in the country. Iran has been trying to award the third license after it cancelled a prior tender. When the tender was originally offered last year, both Russia's megafon and VimpelCom confirmed that they had been approached over a bid for the license. more
Related Tags: pt-telekomunikasi, pension, security, Iran
Russian Government May Buy Svyazinvest Stake
Russia's telecoms market faces a shake-up after further details emerged that could result in conglomerate, Sistema swapping a quarter of landline firm, Svyazinvest and half of CDMA operator, SkyLink for a 23% stake in Moscow landline operator, Moscow City Telephone Company (MGTS) along with the cancellation of debts of around US$826 million owed to Sberbank. more
Related Tags: svyazinvest, mts, vimpelcom, comstar, sistema, Russia
MegaFon Denies Interest in Buying VimpelCom Stake
Russia's 3rd largest mobile phone network, megafon has denied reports that it is looking to buy a 5% stake in its rival network, Vimpelcom. The company had been reported to have considered the purchase by Russian business daily, Kommersant - but a source told Reuters that the story was not true. more
Related Tags: vimpelcom, alfa-group, leonid-reiman, Russia
Russian Subscriber Growth - On the Brink of a Slowdown?
In the first quarter of 2009, the Russian market surpassed 190m customers and almost reached 135% penetration. The end-quarter total customer base of 190.65m was up by 22.81m year on year and the penetration rate of 134.8% was 16.6pp higher than the year-earlier figure. These are both strong gains, and they seem to indicate that growth is continuing unchecked. However, the quarterly figures suggest that Russia may be on the brink of a slowdown. more
Related Tags: vimpelcom, mts, tele2, svyazinvest, uralzvyazinform, -sibirtelecom, volga-telecom, volga, Russia
Svyazinvest Planning to Merge Russian Mobile Networks
Russia's Communications and Press Minister Igor Shchyogolev has confirmed that Svyazinvest is planning to merge its separate mobile network operator subsidiaries into a single company. The move is expected to make it easier for the state-controlled company to compete with the three main private networks who dominate the market. more
Related Tags: svyazinvest, mts, vimpelcom, comstar, sistema
Fitch Changes Megafon's Outlook to Positive
Fitch Ratings has changed the Outlooks on Russian mobile network operator, megafon's Long-term Issuer Default rating (IDR) and National Long-term rating to Positive from Stable. The change reflects Fitch's expectations that megafon shareholders will ultimately be able to put in place a sustainable dividend policy that will be consistent with the company's creditworthiness. more
Related Tags: fitch-ratings, fitch, Russia