MegaFon PAO (MFON.MM)
17 Aug 2017
MOSCOW Russia's second and third-largest mobile telecoms operators Megafon and Vimpelcom will end their Euroset retail joint venture to focus on their own distribution channels in an increasingly competitive market, they said on Wednesday.
* Vimpelcom to receive half of Euroset's stores (Adds context, Megafon and analyst comment)
MOSCOW, July 12 Russian mobile operator Megafon will buy a 50 percent stake in Euroset, Russia's largest mobile and electronics retail network, from Vimpelcom, a subsidiary of Amsterdam-based mobile network operator Veon Ltd.
STOCKHOLM Nordic telecom operator Telia Company is looking to sell part of its 25 percent stake in Russian mobile operator MegaFon , a source familiar with the matter told Reuters on Wednesday.
STOCKHOLM, June 14 Nordic telecom operator Telia Company is looking to sell part of its 25 percent stake in Russian mobile operator MegaFon, a source familiar with the matter told Reuters on Wednesday.
MOSCOW, May 25 Russia's second-biggest mobile operator Megafon said on Wednesday its first-quarter net profit more than halved year on year due to higher foreign exchange losses and debt raised to acquire internet group Mail.ru.
* Q1 consolidated net profit at 4.2 billion roubles ($74.7 million), down from 8.8 billion roubles in Q1 2016;
* Will consider sale of its mobile masts in 2019, Chief Operating Office Anna Serebryanikova said on Thursday.
MOSCOW, March 16 Russian mobile operator MegaFon forecast its revenues would be flat or grow slightly in 2017 after reporting a fall in fourth quarter earnings and sales on Thursday.