Ваш браузер устарел
Вы пользуетесь устаревшим браузером, который не поддерживает современные веб-стандарты и представляет угрозу вашей безопасности.
Пожалуйста, установите современный браузер:
26 February 2018

MegaFon and VEON complete the division of Euroset

Moscow, Russian Federation (26 February 2018) — Public Joint Stock Company “MegaFon” (LSE: MFON), a pan-Russian operator of digital solutions (“MegaFon” or the “Company”), and VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a leading global provider of connectivity and internet services headquartered in Amsterdam and serving more than 240 million customers, announce the completion of the transactions aimed at ending their Euroset joint venture, which operates the largest chain of mobile telecom retail outlets in Russia (“Euroset”).

The agreement to end the joint venture was announced earlier at: https://corp.megafon.com/investors/news/capital_market_releases/20170712-0830.html. As a result of the transactions required to effect this, MegaFon has acquired PJSC VimpelCom’s 50% interest in Euroset, resulting in MegaFon owning 100% of Euroset, including all its assets and liabilities. At the same time, PJSC VimpelCom, the Russian subsidiary of VEON, has acquired half of Euroset’s retail stores amounting to approximately 1,800 stores, and will pay RUB 1.25 billion, subject to certain adjustments, as its share of Euroset’s outstanding obligations.

Sergey Soldatenkov, CEO of MegaFon, said: “We highly appreciate our partnership with VEON in Russian retail over the last five years. We believe that our division of the Euroset assets will allow our companies to follow our own strategies in retail, resulting in optimization of mobile distribution in Russia. MegaFon already owns an extensive mono-brand retail network. Accordingly, we will continue to pursue our own retail strategy focused, inter alia, on retention of our presence in multi-brand retail network. We believe we will be able to benefit from using that channel to acquire high-value digital clients and maximize the life-time value of our subscribers through improved quality of service and digital products based on better understanding of the client’s needs.”

For More Information:

PJSC MegaFon
Investors: Dmitry Kononov
Director for Investor Relations and M&A
Tel: +7 926 200 6490 dkononov@megafon.ru
Media: Yulia Dorokhina
Head of Media Relations
Tel: +7 926 200 6854 ydorokhina@megafon.ru

Notes to Editors

MegaFon PJSC is a leading Russian integrated telecommunication service provider, operating in all segments of the telecommunications markets in Russia, and in the Republics of Abkhazia, South Ossetia and Tajikistan. MegaFon is a recognized market leader in the provision of mobile data services, was the first operator in Russia to launch commercial operation of a third generation (3G) network and was the first operator in the world to launch commercial operation of an LTE-Advanced (4G) data network. MegaFon is traded on the Moscow Exchange and the London Stock Exchange under the symbol MFON. Additional information about MegaFon and the products and services provided by MegaFon can be found at: http://www.megafon.ru.

Cautionary Statement Regarding Forward Looking Statements

Some of the information in this document may contain or refer to projections or other forward-looking statements regarding future events or the future financial performance of the Company. You can identify forward looking statements by terms such as "expect", "believe", "anticipate", "estimate", "forecast", "intend", "will", "could", "may", or "might" the negative of such terms or other similar expressions. The Company wishes to caution you that these statements are only predictions, and are based upon various assumptions which are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control. We may not achieve or accomplish these plans or predictions. The Company does not necessarily intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in projections or forward-looking statements of the Company, including, among others, general economic conditions, the competitive environment, risks associated with operating in Russia, rapid technological and market change in the industries in which the Company operates, as well as many other risks specifically related to the Company and its business and operations.

Statement Regarding Inside Information

Some of the information in this document may be inside information. The subject matter, the identity of the issuer, the identity of the persons making the notification and their titles, and the date and time of the notification are all as set forth above.

All news

Other news

5 April 2018

MegaFon and Mail.RU Group invest into on-line taxi market

Moscow, Russian Federation (05 April 2018) — Public Joint Stock Company “MegaFon” (LSE: MFON), a pan-Russian provider of digital opportunities (“MegaFon” or the “Company”), announces its intention to enter the Moscow online taxi market. MegaLabs, the Company’s wholly owned subsidiary and the developer of MegaFon’s value added and digital services, is acquiring a minority stake in “CITY-MOBIL” LLC, a Moscow-based ride-hailing company (“City-Mobil”) and participating in the investment round.
3 April 2018

Resolutions taken by the Board of Directors

Moscow, Russian Federation (03 April 2018) — Public Joint Stock Company “MegaFon” (LSE: MFON), a pan-Russian provider of digital opportunities (“MegaFon” or the “Company”), announces that the Company’s Board of Directors has approved the acquisition of a 100% stake in Neosprint LLC, an operator that owns a frequency band in 3.4-3.6 GHz spectrum in Moscow, the third largest amount of the mentioned spectrum available in Moscow.
15 March 2018

MegaFon reports results for Q4 2017 and the full year 2017

Moscow, Russia (15 March 2018) — PJSC “MegaFon” (“MegaFon” or the “Company” and, together with its consolidated subsidiaries, the “Group”) (LSE: MFON), a pan-Russian provider of digital opportunities, announces its financial and operating results for Q4 2017 and the full year 2017.