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Megafon PAO

MFON.MM

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As of on the Moscow Interbank Currency Exchange ∙ Minimum 15 minute delay

Latest Developments

Russia's Megafon May Buy X-Holding, There Will Be No Merger - Interfax

Dec 25 (Reuters) - :RUSSIA'S TELECOM COMPANY MEGAFON <<<MFON.MM>>> MAY BUY CHEREPENNIKOV'S X-HOLDING, THERE WILL BE NO MERGER, INTERFAX CITES ALISHER USMANOV, WHO HOLDS CONTROLLING STAKE IN MEGAFON.

Russia's Mail.ru announces digital payment JV

Oct 9 (Reuters) - Russian internet group Mail.ru <MAILRq.L> says::Mail.ru, Alipay, USM, Russian Direct Investment Fund and Megafon announced a plan to form a joint venture focused on digital payment services for Russian users.The signing of non-binding term sheets for partnership follows establishment of AliExpress Russia JV nFWN26T0RH.Mail.ru will provide non-cash asset contributions of Money.Mail.ru and VK Pay to the payment JV and will become its largest shareholder with a 40% stake.

Mail.ru closes JV deal with Alibaba, Megafon and RDIF

Oct 9 (Reuters) - Russian internet group Mail.ru <MAILRq.L> says::Alibaba Group <<<BABA.N>>>, Megafon <<<MFON.MM>>>, Mail.ru Group and Russian Direct Investment Fund (RDIF) close a joint venture deal..AliExpress Russia JV (AER JV) is majority owned by Russian shareholders with a board of directors comprised of representation from RDIF, Alibaba, Megafon and Mail.ru..Boris Dobrodeev will be the chairman of AliExpress Russia JV board of directors..The parties have appointed two co-CEOs - AliExpress Russia Head Liu Wei and First Deputy Chief Executive Officer of Mail.ru Dmitry Sergeev..

Russia's Megafon says Q2 net profit down 52% y/y

Aug 8 (Reuters) - Megafon <MFON.MM>, Russia's second biggest mobile phone operator, says::Net profit in the second quarter fell 52% year on year to 2.9 billion roubles ($44.5 million);.Second-quarter revenue rose 4.5% to 85.6 billion roubles;.OIBDA increased 20.6% year on year to 38.9 billion roubles, with an OIBDA margin of 45.4% versus 39.4% a year earlier; .Capital expenditure in the same period was up 1.2% to 16.4 billion roubles;.Free cash flow for shareholders fell 22.7% and stood at 6.1 billion roubles; .The company said its fall in net profit was due to payments on servicing debt which rose as a result of financing for its share and GDR buyback programme; .Net debt for the quarter fell to 360.6 billion roubles. .

Russia's Megafon says Q1 net profit down 64% y/y

May 30 (Reuters) - Russian mobile phone operator Megafon <MFON.MM> says: :First-quarter net profit fell 63.8% to 2.2 billion roubles ($33.89 million); .Q1 revenue up 4.8% to 80.1 billion roubles..Megafon, whose shares were traded on the London Stock Exchange, cancelled its listing in October. FWN1WK0OR.

Moscow Exchange to suspend trading in Megafon shares on June 3

May 28 (Reuters) - Russian mobile phone operator Megafon <MFON.MM>::The Moscow Exchange <<<MOEX.MM>>> said on Tuesday that it would suspend trading in shares of Russia's Megafon from June 3;.The move was taken because of Megafon's share buyback, the Moscow Exchange said. .

Russia's Megafon sets share buyback price at 659.26 rbls

Dec 27 (Reuters) - Russia's No.2 mobile phone operator Megafon <MFON.MM> says::On Dec. 27, 2018, the company received a mandatory tender offer made by MegaFon Finance LLC, following a preliminary notice to the Bank of Russia, to purchase securities (ordinary registered uncertified shares) of MegaFon in the amount of 131,212,843 shares..The purchase price of the shares is 659.26 roubles ($9.56)per one ordinary share and shall be paid in cash..The period for acceptance of the mandatory tender offer is 70 days from the date the mandatory tender offer was received by the company (i.e. from Dec. 28, 2018 until March 7, 2019, inclusive)..

Russia's Megafon says Q3 net profit down 4.6 y/y

Dec 20 (Reuters) - Russian telecoms company MegaFon <MFON.MM> says: :Third-quarter net profit was down 4.6 percent year on year to 7.7 billion roubles ($114.46 million); .Revenue in the same period was up 4.7 percent to 88.7 billion roubles, while the OIBDA margin stood at 37.9 percent; .OIBDA was up 0.9 percent to 33.65 billion roubles and capex rose 47 percent year on year to 18.48 billion roubles; .Net debt at the end of the third quarter stood at 276.38 billion roubles and free cash flow was at 14.2 billion roubles; .The company is keeping its OIBDA and capex forecast for 2018 unchanged; .It is increasing 2018 service revenue forecast in line with average single-digit growth..

Megafon submits mandatory buyback offer to c.bank for review

Dec 12 (Reuters) - Russian mobile phone operator Megafon <MFON.MM> says::MegaFon Finance LLC, a wholly-owned subsidiary of MegaFon, cancelled global depositary receipts representing ordinary shares held by the company and submitted a mandatory tender offer to acquire the company's shares to Russia's central bank for review..The company entered into a suretyship agreement with Bank GPB (JSC) for up to 90 billion roubles ($1.36 billion) to help MegaFon Finance meet its obligations under the agreement for the issuance of the bank guarantee..

Russia's Megafon says Vermishian to replace Soldatenkov as CEO

Oct 11 (Reuters) - Russia's No. 2 mobile phone operator Megafon <MFON.MM>::Announces that its General Director and Chief Executive, Sergey Soldatenkov, has decided to leave the company before the expiration of his contract in 2019;.Says the board of directors has decided to recommend to shareholders that Gevork Vermishian, currently its Executive Director, be appointed as General Director and Chief Executive in his place;.A general shareholders meeting is being convened on Nov. 13, 2018 to approve this appointment. .

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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