MegaFon News
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OAO MegaFon, Russia’s second-largest wireless carrier, is considering buying smaller operator Scartel to expand its network as mobile Internet use increases, Chief Executive Officer Ivan Tavrin said.
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OAO Mobile TeleSystems, Russia’s largest wireless operator, reported a 17 percent drop in first- quarter profit as a closing of Uzbekistan operations hurt revenue and the ruble declined.
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OAO Mobile TeleSystems, Russia’s largest wireless operator, is studying an acquisition of pay-TV and Internet provider Akado to expand in the broadband business in the Moscow region, a person familiar with the matter said.
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OAO MegaFon, Russia’s second-largest mobile operator by revenue, overtook bigger rival OAO Mobile TeleSystems by market value after pledging to pay $1.3 billion in dividends and beating analysts’ earnings estimates.
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Russian stocks fell a fourth day in New York as oil slid and a Finance Ministry official said the government is considering a plan to boost taxes on crude output.
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Given Facebook's one-year anniversary as a public company last week, the Global Tech team sought to answer: Did the other tech IPOs from around the world during that time span perform as poorly?
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VimpelCom Ltd., Russia’s third- largest mobile provider, is trading at the cheapest-ever level versus rival OAO MegaFon on concern expansion abroad is hobbling the company’s ability to compete in its biggest market.
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OAO MegaFon, Russia’s second-largest wireless carrier by customers, will push ahead with a share-sale plan that could become the largest initial public offering by a Russian company since VTB Bank’s in 2007.
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OAO MegaFon, Russia’s second-largest mobile-phone operator, plans to raise as much as $2.1 billion in the biggest initial public offering by a company from the country since United Co. Rusal’s sale almost three years ago.
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OAO MegaFon, Russia’s second-largest mobile-phone operator, fell in its first day of trading after raising $1.7 billion, signaling investor skepticism toward emerging-market wireless assets amid a slowing economy.
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