Loans in the amount of RUB 10 and RUB 5 bn bearing a fixed interest rate for 1 and 2 years respectively will be used to finance the group’s general corporate needs and, if it is necessary, the Company’s ordinary shares and GDRs purchase programme (the"Programme“), carried out by MegaFon Investments (Cyprus) Limited, a wholly-owned subsidiary of the Company, on the terms specified in the Programme, as announced at: http://www.micltenderoffer.com/tender_offer_memorandum/.
Gevork Vermishyan, Executive Director of MegaFon, commented: “We highly appreciate support extended by Gazprombank to us not only in its capacity of a shareholder, but also as a lender, providing us with a very flexible and compelling source of financing.”
For More Information:
|Investors: Dmitry Kononov
Director for Investor Relations and M&A
|Media: Alexander Boreyko
Director for Public Relations
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.