As a part of the deal, MegaFon acquires 100% of stake in TechInvestProject from Alexey Ananyev’s group. The total cost of acquisition shall amount to RUB 620 million. As a result of the transaction, TechnoInvestProject will be seamlessly integrated into MegaFon. The intellectual rights to software for a regional integration platform and the Unified Emergency Response Center will also be transferred to the Company. MegaFon expects that the unique staff of developers of TechnoInvestProject will successfully fit in with the Company’s team, responsible for implementation of the Digital agenda projects.
MegaFon is actively involved in the state program for digitalization of the Russian economy. With the best infrastructure in the industry and the technical base to develop integrated platform-based digital solutions, MegaFon is already implementing comprehensive “Smart city” projects in a number of Russian regions: for example, “Safe city” project, being a part of it, has been launched in Samara and Sochi. The Company is also developing regional partnerships and has signed agreements for city digitalization and information infrastructure development with the Government of Moscow and St. Petersburg, as well as administrations of the Ulyanovsk, Pskov, Saratov and Novgorod regions and the Udmurt Republic. The Company believes that it will find use and will widely apply the TechnoInvestProjects’ digital solutions for implementation of those agreements.
The acquisition of TechnoInvestProject, an owner of software for regional integration platform systems, will provide MegaFon with the required resources to increase public safety, including the safety of citizens, infrastructure, the environment and transport.
“With the professional IT team of TechnoInvestProject and its access to the technologies of Safe city systems, we will be able to offer a unique comprehensive solution for the urban services to implement Safe city infrastructure for ensuring safety and order in the cities. I am confident that this strategic acquisition will allow us to take leading positions in this segment of the market in the coming few years.” - commented Anna Serebryanikova, Chief Operating Officer, MegaFon.
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Notes to Editors
MegaFon develops complex solutions for modern urban planning, aimed to increase the comfort and safety of residents. MegaFon is actively implementing the "Smart city” project, part of which is the "Safe city" solution. It includes intelligent video surveillance systems along the main thoroughfares and highways, pedestrian streets, transport and congregate settings. MegaFon integrates all information flows into a single situational center and provide an IT platform for managing the system.
A comprehensive project on the introduction of intelligent video surveillance was already implemented at the Sochi 2014 Olympic Games. MegaFon built more than 400 km of fiber optic lines, installed about 1.500 street video cameras and initiated the construction of the City Situation Center for 40 workplaces. The implementation of the project increased the efficiency of justice agencies and emergency services, Russian Federal Security Service, Ministry of Civil Defense and Emergency Response, as well as reduced the number of emergency situations and accidents, and brought the life quality of citizens to a fundamentally new level.
MegaFon PJSC operates 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. In February 2017, MegaFon acquired a 15.2% equity interest (which represented 63.8% of the voting shares) in Mail.Ru, a leading company in the Russian-speaking internet market. MegaFon is traded on the Moscow Exchange and the London Stock Exchange under the symbol MFON. Mail.Ru is traded on the London Stock Exchange under the symbol MAIL. Additional information about MegaFon and the products and services provided by the telecom segment can be found at http://www.megafon.ru and information related solely to Mail.Ru can be found at http://www.mail.ru.
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