Moscow, Russian Federation (17 December 2020) — Public Joint Stock Company “MegaFon”, a pan‑Russian operator of digital opportunities (“MegaFon” or the “Company”), announces that MegaFon’s Board of Directors at a meeting held on 16 December 2020, took the following actions:
The Company was able to increase its net profit and reduce leverage despite the continued impact of the pandemic.
The Company was able to maintain its OIBDA Margin, reduce its leverage and increase net profit despite the continued impact of the pandemic.