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Vimpelcom Q2 beats profitability forecasts

Created: Thursday, 27 August 2009 19:06 Author: Yuron

MOSCOW, Aug 27 (Reuters) - Russia's second-largest mobile operator Vimpelcom more than doubled its rouble net profit, it said Thursday, becoming the latest Russian company to beat earnings forecasts in its second-quarter numbers.The company said the telec...
MegaFon backs away from Iran cellular bid

Created: Thursday, 13 August 2009 19:37 Author: Yuron

Thu, 13 Aug 2009 (Press TV) Cellular giant MegaFon has denied reports that it will become the third mobile operator to begin business in Iran. Last week, Iranian and Russian reports suggested that the Russian firm, which is struggling due to the global...
Russia's MTS optimistic as phone usage rises

Created: Wednesday, 12 August 2009 18:21 Author: Yuron

MOSCOW, Aug 11 (Reuters) - Russia's top mobile carrier MTS defied the region's dire economic situation with a rise in sales and forecast-beating quarterly profit and said it was moderately optimistic for the second half of 2009.Revenue rose in most local ...
Russia's Sistema approves Comstar acquisition

Created: Thursday, 06 August 2009 21:34 Author: Yuron

MOSCOW, Aug 5 - The board of Russia's Sistema has approved the acquisition of a 51.91 percent stake in its fixed-line subsidiary Comstar by another subsidiary, mobile network Mobile TeleSystems, it said on Wednesday.The $1.272 billion takeover would mirro...