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Megafon launches LTE-Advanced in Moscow

2014-02-25 21:51:00| Telecompaper Headlines

(Telecompaper) Russian mobile operator Megafon has begun commercial operation of its network under the LTE-Advanced standard in the city of Moscow. The network infrastructure is based on equipment from Huawei and the LTE Advanced Cat 6 standard, supporting speeds up to 300 Mbps. Megafon uses a combination of its own spectrum and frequencies belonging to its subsidiary Scartel in the 2.6 GHz band. The services are currently accessible within the Sadovoye Ring, and coverage is to be expanded this year to the whole area within the Moscow Ring Motorway. Services will be launched in other major Russian cities later. Megafon is using the new brand 4G+ to promote the service. Customers can purchase the MegaFon Space router (R3001), developed by Huawei, to access the LTE service and create a hotspot for up to 32 Wi-Fi devices. It costs RUB 11,990 if purchased with the Internet XL option for one month or more.

Tags: moscow launches megafon lteadvanced

Russia's MegaFon Selling iPhones Again After 4-Year Break

2014-01-28 01:34:18| PC Magazine Cell Phones Product Guide

Russia's second-largest service provider reportedly signed a contract with Apple to resume selling the iPhone.

Tags: break selling megafon iphones

Megafon grows revenues 9% in Q3

2013-11-13 11:18:00| Telecompaper Headlines

(Telecompaper) Russian mobile operator Megafon saw its third-quarter revenues grow by 9 percent year-on-year to RUB 77.543 billion, driven by strong growth in data services and equipment sales. OIBDA increased by 10.5 percent to RUB 35.387 billion, and the OIBDA margin was up 0.6 percentage points to 45.6 percent. The net profit totaled RUB 15.321 billion, up by 2.9 percent year-on-year. Capital expenditure of the operator was RUB 10.862 billion in the quarter, up by 51.5 percent from a year earlier, and free cash flow rose 13.9 percent to RUB 28.037 billion. The subscriber base reached 68.3 million at the end of September, up by 5.4 percent yer-on-year. Megafon said revenues from data services jumped by 24.2 percent to RUB 12.632 billion, driven by the increasing number of smartphones on the network and the expansion of the LTE network. The LTE network was available in 31 regions or around 30 percent of the Russian population at the end of the quarter. Megafon maintained its outlook for high single-digit growth in revenues over the full year and raised its OIBDA margin target to at least 44 percent, after the strong performance in the first nine months of the year. The capex budget was cut by RUB 5 billion, to RUB 50-55 billion in 2013.

Tags: revenues grows q3 megafon