OJSC MegaFon — Russia's No.3 mobile operator. Provider of a broad range of wireless telecommunication services to businesses, other telecommunications service providers and retail subscribers.
MegaFon makes use of advanced technologies, providing the company’s subscribers new possibilities for communication and work with information. The set of services of high-quality mobile communication unique for the Russian mobile market, is targeted both at both individual and corporate subscribers.
OJSC «MegaFon» is the first all-Russian mobile operator in GSM 900/1800 standard. The company was founded in May 2002 as a result of renaming and reorganization of Open Joint Stock Company «North-West GSM» and integration under one brand with CJSC «Sonic Duo» (Moscow), CJSC «Mobicom-Kavkaz», CJSC «Mobicom-Centre», CJSC «Mobicom-Novosibirsk», CJSC «Mobicom-Khabarovsk», CJSC «Mobicom-Kirov», OJSC «MSS-Povolzhie», CJSC «Volzhsky GSM» and CJSC «Uralsky GSM».
License area of OJSC «MegaFon», as well as that of 100% of its subsidiaries, covers the entire territory if the Russian Federation with population over 145 mln.
Currently the Company's subscriber count exceeds 50 million.
In March 2009, the Company completed the acquisition of 100% ownership interest in Debton Investment Limited (―DebtonII). Debton owns 51% of CJSC Aquafon GSM, a mobile operator in the Republic of Abkhazia and 51% of CJSC Ostelecom, a mobile operator in the Republic of South Ossetia for approximately 935 cash consideration. In April 2009, the Company and another telecommunications operator entered into an agreement with the Organizational Committee of the 2014 XXII Olympic Winter Games and XI Paralympic Winter Games in Sochi, to acquire rights and licenses to use the Olympic mascot, logos, and other Olympic symbols. Under the agreement the Company committed to a payment of $65 million in cash to be made in several installments from 2009 through 2014. In addition, the Company and the other telecommunications operator are jointly responsible to provide services in-kind of up to $130 million. In March 2009, the Company entered into an eighteen-month distribution contract with one of the largest Russian mobile retailers to connect approximately 7.2 million subscribers for approximately $146 million cash consideration, of which approximately $97 million will be prepaid during the second quarter of 2009.
In July 2009, OJSC "MegaFon" has completed its reorganization in the form of Merger with regional subsidiaries. The Merger of the subsidiaries will increase the value of the united company, and will become an additional driving force for its further development. Moreover, the Merger of the subsidiaries into OJSC "MegaFon" will accelerate implementation of projects on 3G as well as long-distance domestic and long-distance-international networks development on the entire territory of the Russian Federation, which will also enable the company to offer additional possibilities in terms of communications services to large federal customers with developed branch structures.
Post address Russia, 115035, Moscow, Kadashevskaya nab., 30
Phone +7 (495) 980-1970
URL http://eng.megafon.ru
Email
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