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MegaFon commits to seven years with Ericsson
2014-08-07 02:00:00| Total Telecom industry news
Russian operator contracts Swedish vendor to supply equipment for mobile network upgrade project.
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MegaFon Q1 revenues surge but profit hit by forex losses
2014-05-30 02:00:00| Total Telecom industry news
Telco's operating income pressured by growing share of lower margin handset sales, wireline revenue.
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Megafon OIBDA flat, revenues up 10.6% in Q1
2014-05-29 12:35:00| Telecompaper Headlines
(Telecompaper) Russian operator Megafon reported first-quarter OIBDA little changed year-on-year, at RUB 32.50 billion, due to extra costs for the Olympics in Sochi, higher sales of low-margin handsets and the weaker ruble. Revenues were up 10.6 percent from a year ago to RUB 74.88 billion, driven by a 45 percent increase in data revenue to RUB 16.17 billion. Mobile service revenues were up 8.6 percent to RUB 64.72 billion, helped by the takeover of Scartel and a 7.5 percent annual increase in the customer base. Fixed-line revenues rose 17.1 percent to RUB 5.29 billion, helped by the Dream wholesale project, and equipment sales were up 35.1 percent to RUB 4.86 billion, driven by the operator's own white-label devices. Megafon's net profit fell 42.7 percent year-on-year to RUB 7.23 billion, hurt by forex losses and higher depreciation and amortisation from the Scartel takeover. Capital expenditure doubled compared to the year-ago period to RUB 8.35 billion due to the continued expansion of the LTE network and upgrade of 3G services. As a result, free cash flow decreased by 40.7 percent to RUB 13.55 billion. Megafon maintained its full-year outlook for revenue growth of 6-8 percent and an OIBDA margin of at least 44 percent. Capital spending is estimated at RUB 58-64 billion for 2014. The company said it was also planning to start paying interim dividends.
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MegaFon completes Scartel integration
2014-04-25 02:00:00| Total Telecom industry news
Russian telco appoints new leader to head up LTE operation; operators sign network leasing agreement.
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Megafon Q4 profits lower on Olympics costs, Yota takeover
2014-03-05 14:53:00| Telecompaper Headlines
(Telecompaper) Russian mobile operator Megafon reported fourth-quarter revenues up 11.4 percent year-on-year to RUB 79.732 billion. Mobile service revenue rose 10.0 percent to RUB 69.109 billion, led by a 40 percent increase in data revenues to RUB 15.058 billion and the consolidation of Scartel (Yota). Wireline revenues were up 5.9 percent to RUB 4.812 billion, and equipment sales jumped 37.4 percent to RUB 5.811 billion, as smartphones reached just over 50 percent of handsets sold. OIBDA declined by 2.9 percent to RUB 30.522 billion, and the OIBDA margin dropped by 5.1 percentage points to 38.3 percent, hurt by costs for the Olympics and the introduction of number portability in Russia. The net profit decreased by 45.7 percent to RUB 10.082 billion, amid negative forex effects, higher financing costs and a one-time gain in the year-earlier period. Capital expenditure totaled RUB 23.853 billion, up by 47.8 percent on the roll out of the LTE network, which reached 39.5 percent of the population at year-end. Free cash flow over the full year was still up 16.3 percent to RUB 82.293 billion, and net debt was down 14.1 percent to RUB 102.235 billion at the end of 2013. The subscriber base totaled 70.1 million, up by 8.5 percent compared to the end of 2012. For 2014, Megafon forecast revenue growth of 6-8 percent and OIBDA margin of at least 44.0 percent. Capital expenditures will increase again in 2014, to an estimated RUB 58-64 billion.
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