About MegaFon
About MegaFon
MegaFon is a pan-Russian provider of digital opportunities and a leader in the Russian and global telecommunications market. We combine all IT and telecommunications areas: mobile and fixedline services, mobile and broadband Internet, digital TV and OTT services, innovative digital products and services across Information and Communication Technologies (ICT), the Internet of Things, Big Data analytics and processing, cloud solutions, cyber security, financial services, digital advertising and marketing, e-commerce, and converged IT solutions in system integration. The company and its subsidiaries provide services in all regions of Russia, as well as in the Republic of Abkhazia, South Ossetia, and Tajikistan. At the end of 2018, the total subscriber base had 76.9 million people.
In June 2019, the Company completed the buy-back of the remaining shares held by non-affiliated shareholders. Beforehand, the Board of Directors determined that remaining a public company is no longer a strategic priority for MegaFon, and subsequently approved a program to buy back the Company’s ordinary shares and GDRs and to cancel MegaFon’s GDR listing on the London Stock Exchange. MegaFon’s shares were traded on the Moscow Exchange until June 2019 and on the London Stock Exchange until October 2018.
The major shareholder of the MegaFon is USM Group, which owns approximately 70.32% of the share capital of MegaFon. MegaFon Finance LLC, a wholly owned subsidiary of MegaFon, holds 29.68% stake in the Company’s share capital.