MegaFon results rise

15 Nov 2006

Russia’s third largest cellco MegaFon has posted a 66.8% rise in nine-month net profit to RUB5.4 billion (USD201.5 million). Revenues for January to September stood at RUB24.9 billion (USD934 million), up 30.7% on the same period last year. MegaFon, whose shareholders include TeliaSonera, Telecominvest, CT-Mobile and IPOC International Growth Fund, had 28.19 million subscribers at the end of September.

Russia, MegaFon