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Wireless

Megafon stabilises mobile service revenue in Q2

Wednesday 30 August 2017 | 16:27 CET | News
Revenues of Russian mobile operator Megafon grew by 13.9 percent year-on-year in the second quarter to RUB 89.689 billion, driven by its takeover of Mail.ru. Megafon said it started to see signs of recovery in the mobile market, with mobile service revenues stable year-on-year at RUB 65.290 billion, after five quarters of decline. Total telecom revenues fell 1.0 percent, due to a 13 percent drop in equipment sales. 

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Categories: Mobile & Wireless
Companies: MegaFon
Countries: Russian Federation
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