July 12, 2014 9:16 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

Open Joint Stock Company "MegaFon" Approves Final Dividend for 2013

Open Joint Stock Company "MegaFon" approved the payment of a final dividend based on the results for the 2013 financial year in the amount of RUB 64.51 per ordinary share (or GDR) to holders of record as of 11 July 2014.

Open joint stock company MegaFon Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Provides Earnings Guidance for the Full Year 2014

Open joint stock company MegaFon reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported revenue of RUB 74,876 million compared to RUB 67,724 million a year ago. OIBDA was RUB 32,503 million compared to RUB 32,381 million a year ago. Net profit was RUB 7,228 million compared to RUB 12,624 million a year ago. CAPEX was RUB 8,353 million compared to RUB 4,086 million a year ago. Consolidated net debt as of 31 March 2014 decreased by RUB 11,879 million y-o-y to RUB 91,356 million from RUB 103,235 million as of 31 December 2013. Consolidated basic EPS decreased to RUB 13 per share from RUB 22 per share y-o-y, while consolidated diluted EPS decreased to RUB 12 per share from RUB 22 per share y-o-y, reflecting the decline in net profit for the period. Operating profit was RUB 18,398 million compared to RUB 19,611 million a year ago. Free cash flow was RUB 13,552 million compared to RUB 22,869 million a year ago. The company announced guidance and reiterates revenue growth in the range of 6.0 to 8.0%, and expects OIBDA margin to remain at least 44.0%. The company anticipates capital spending of RUB 58 billion to RUB 64 billion for 2014.

Megafon Launches LTE Network in Sakha

Megafon has launched its LTE network in Sakha republic, in the city of Yakutsk. This is the fifth city covered by the LTE network in the Far-East federal district.

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