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8 October 2018

MegaFon is awarded the Fastest Mobile Provider in Russia

MegaFon was granted the Ookla Speedtest Awards as “the mobile provider offering the fastest data upload and transfer rates”. This is confirmed by more than 7 900 000 speed measurement tests taken by Russian users on their mobile devices via the Speedtest® app in Q1—Q2 2018.

According to Ookla®, MegaFon provides the fastest mobile Internet in Russia to its customers: the average download speed was 24.68 Mbit/s, and the average data upload speed — 10.57 Mbit/s. For the research Ookla analyzed the data of more than 7 900 000 tests performed by Russian users from 1 455 991 unique devices.

“MegaFon is constantly working to improve the quality of communication by expanding its own network. Today, MegaFon has built more base stations than any other Russian mobile network operator and remains a pioneer in high-speed Internet era while maintaining leadership positions in 4G and testing capabilities of the fifth generation of mobile communication technology on current cases in everyday life. For the second year in a row, MegaFon is recognized as Russia’s fastest operator based on measurements taken by users all across the country. It is a great honour for us to win a truly national award, and also a huge responsibility to keep opening up new opportunities for our customers in mobile Internet industry,” — said Vlad Wolfson, Commercial Director at MegaFon.

MegaFon customers in Moscow can download data at an average speed of 41.93 Mbit/s, and upload data with the speed 14.46 Mbit/s, which almost doubles the performance of the second fastest mobile provider in terms of average speed rates. The results of measurements taken by users in St. Petersburg have shown that the average download speed was 25.74 Mbit/s, and upload speed — 14.46 Mbit/s.

About the companies

Ookla Company, founder of Speedtest service, is the world leader in testing and analyzing the Internet. Speedtest is the most precise way to measure network performance and to carry out network diagnostics. Speedtest provides an independent view on speed and quality of mobile and fixed broadband connections. Millions of users recognize Ookla Speedtest as № 1 application for testing the Internet speed and it is trusted every day by the professionals of the industry.

MegaFon PJSC is a Russian integrated digital service provider. MegaFon 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. MegaFon shares are traded on Moscow 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

All news

Other news

11 October 2018

MegaFon announces that Sergey Soldatenkov will be stepping down as CEO of MegaFon, to be replaced by Gevork Vermishyan

Moscow, Russian Federation (11 October 2018) — Public Joint Stock Company “MegaFon” (MoEx: MFON), a pan-Russian operator of digital opportunities(“MegaFon” or the “Company”), announces that its General Director and CEO, Sergey Soldatenkov has decided to leave the Company before the expiration of his contract in 2019, and that its Board of Directors has determined to recommend to the shareholders that Gevork Vermishian, currently its Executive Director, be appointed as General Director and CEO in his place. A General Shareholders Meeting is being convened on 13 November 2018 to approve this appointment, as required by the Company’s constituent documents.
4 October 2018

Delisting of MegaFon GDRs from the London Stock Exchange

Moscow, Russian Federation (04 October 2018) — Public Joint Stock Company “MegaFon” (LSE: MFON), a pan-Russian operator of digital solutions, (“MegaFon” or the “Company”), announces that following the application to the United Kingdom Listing Authority and the London Stock Exchange (“LSE”), as earlier reported at: https://corp.megafon.com/investors/news/capital_market_releases/20180906-1909.html, the listing and admission to trading of its Regulation S and Rule 144A Global Depositary Receipts (“GDRs”) (CUSIP: 58517T209 and 58517T100, respectively, ISIN: US58517T2096 and US58517T1007, respectively, SEDOL: B8PQQ77 and B832YZ1, respectively), each representing one ordinary share of the Company (each, a “Share”), on the LSE has been cancelled with effect from start of trading on October 5, 2018.

6 September 2018

MegaFon Announces Application to Delist its GDRs from the London Stock Exchange

Moscow, Russian Federation (06 September 2018) — PJSC MegaFon (LSE: MFON; “the Company”) announces that it has applied to the United Kingdom Listing Authority and the London Stock Exchange (“LSE”) for the cancellation of the listing and admission to trading of its Regulation S and Rule 144A Global Depositary Receipts (“GDRs”) (CUSIP: 58517T209 and 58517T100, respectively, ISIN: US58517T2096 and US58517T1007, respectively, SEDOL: B8PQQ77 and B832YZ1, respectively), each representing one ordinary share of the Company (each, a “Share”).