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Ukraine crisis is hurting us 'emotionally' – Megafon CEO

Thursday, May 22, 2014 - 03:25

May 22 - Russia’s telecoms industry is a resilient market, says Megafon's CEO Ivan Tavrin. Despite this Russia’s second-largest operator should be prepared for more sanctions, he says.

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Focuses -- -- this and he has become known for joining me now is that you can Texaco Russia's second biggest -- while operates in megaphone even covering. -- on the slow an economy of the shop economic slowdown in Russia is the concern we have business. Look for us to launch today. With a bullet shot leads level will be so. Aggressive in this -- and look yet there is certain slow growth. Let's put it this way and there many reasons that. Outside inside. But speaking about megaphones specifically. And about business I should say that -- -- a business around the world generally. And -- specifics is a pretty resilient. Piece of market. Because. -- sector and mobile's services. Became. -- into -- basket. Since -- public -- about it yet you think. That you like to spend less but actually. The who and the cost of the services in Russia especially -- services or outlines is not as high. And you know that. And not who have a job when rush has about ten dollars. Which is the press about luncheon McDonald's. So I don't think it should be that the Ukrainian crisis -- of hits and you I think it's hurting us emotionally. We've heard shares obviously. Because there was a law which is not exactly emotionally yes absolutely which. It was a little outflow of the Russian market. Since then actually out here since. -- -- Since the bottom line I think we have about. 30% up already giving to several weeks so that means that sometimes investors think emotionally day one. But I think in the end they will that they're realizing. That there is a little basics and there was a lot of fundamentals of the company and we hear that from -- I mean the appeal the western sanctions against several companies and several sections of the Russian economy. Do you think then -- more sanctions get into -- state can be target they can target the telecoms industry as well. Because of course the defense. Which industry -- target I think. I don't want to speculate -- but beginning that I concerns. Real concern when I think we should be prepared and wish you -- And there several measures. Which we take. If potentially there be any sanctions on Telecom industry roaming could be heard that's true. What we talking to botanists. Roaming thoughts about that. In terms of acquisitions of equipment. We can paid in dollars and euros in Hong Kong dollars -- ChinesePod. I don't think there is any real risk. But still but still but still from -- she is saying you pretty much preparing a plan B I don't think I don't think they're looking much prepare them lately but look we have. We have a public company. Worth tens of billions of dollars we should be thinking about anything what's happening around that's why we have risk management measurement system that's why we got traded at UCLA. So it's just normal course of business.

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Ukraine crisis is hurting us 'emotionally' – Megafon CEO

Thursday, May 22, 2014 - 03:25