Tuesday, May 15, 2012

MegaFon 1Q12 revenues jump 14.4%

MegaFon, Russia’s second largest cellular operator by subscribers, has reported consolidated revenues of RUB63.10 billion (USD2.08 billion) for the three months ended 31 March 2012, a 14.4% increase on the RUB55.16 billion generated in 1Q12. Operating income before depreciation and amortisation (OIBDA) grew 7.3% to RUB25.54 billion for the January-March period, and net income increased 8.1% to RUB9.27 billion. Capital expenditure for 1Q12 dropped 29.8% from RUB12.92 billion to RUB9.08 billion


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OVETEL MegaFon 1Q12 revenues jump 14.4%

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