MegaFon to acquire Russia’s Metrocom
Russian operator MegaFon is to acquire Metrocom, an alternative telecoms provider in the North West region of Russia. MegaFon is expected to spend $67m on the acquisition.
Russia’s mobile operators are moving to IP backhaul to deal with explosive growth in data traffic. Leading Russian carrier MTS (Mobile TeleSystems) said this week that it is expecting 86 per cent growth in Russian data traffic by 2015, forcing a strategic focus on network transport.
Russian operator MegaFon has selected Chinese vendor Huawei to construct backbone nodes for a 40Gb IP/MPLS network in Russia’s largest cities, including Moscow and St. Petersburg.
Russian operator MegaFon is to acquire Metrocom, an alternative telecoms provider in the North West region of Russia. MegaFon is expected to spend $67m on the acquisition.
Russian operator MegaFon reported a 19 per cent increase in revenues year-on-year in 2Q10 to RUB52.22bn ($1.76bn). MegaFon attributes its strong revenue performance to significant growth of its subscription base and higher use of 3G data services. At the end of 2Q10 MegaFon had 53.5 million subscriptions, giving it a market share of 24.8 per cent.
Nordic operator TeliaSonera and Russian conglomerate Altimo (formerly known as the Alfa Group) were playing happy families this week, agreeing to combine their telecoms assets in Turkey and Russia.
The bitter battle for control over a 25.1 per cent chunk of Russia’s smallest mobile operator MegaFon looks to be over, according to reports on Monday. It is believed that Russian conglomerate Altimo, originally known as the Alfa Group, has buried the hatchet with Caribbean-based investment fund Ipoc. Ipoc had contested Alfa’s purchase of the [...]
Russia’s top three mobile operators, Mobile TeleSystems (MTS), VimpelCom and MegaFon, won licences to operate 3G services in the country on Friday. In accordance with the licensing conditions, the winning companies are required to begin commercial 3G services within two years of receiving the licence. MTS, the country’s biggest operator, said it plans to launch [...]
According to local reports, Russia’s three largest mobile operators suspended services in Moscow’s tube network Wednesday. MTS, VimpelCom and Megafon told the Russian news agency Novosti that according to company representatives, the move could be connected to a terrorist threat in the capital city. The claims were “unofficial”, Novosti states. If the Russian authorities give [...]