MegaFon ups 2004 capex

9 Sep 2004

Russia’s third largest wireless company MegaFon has upgraded its capital expenditure forecast for 2004 from USD670 million to USD800 million, on the back of greater than expected demand. The company, which is adding around three million customers a month, has pencilled in a capex figure of USD1.2 billion for 2005.

Russia, MegaFon