MegaFon posts 64% jump in profit

1 Oct 2007

Russia’s third largest cellular operator, MegaFon, has posted a 64% increase in its first-half net profit, to RUB14.4 billion (USD577 million), according to a Reuters report. TeleGeography’s GlobalComms database shows that MegaFon had 32.3 million subscribers at the end of June, up from 30.1 million at the start of the year.

Russia, MegaFon