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Tag: megafon
Veon sells Euroset stake to Megafon, buys half of shops
2017-07-12 08:46:00| Telecompaper Headlines
(Telecompaper) Veon is exiting its retail joint venture with Megafon in Russia. The operator agreed to sell its 50 percent stake in the retailer Euroset to Megafon, while at the same time acquiring half of all Euroset stores. Veon said the more mature Russian market means a greater focus on customer service and retention, rather than Sim card sales, requiring the operator to develop its own shop network.
MegaFon and VimpelCom to end Euroset retail joint venture
2017-07-12 02:00:00| Total Telecom industry news
Euroset is Russia’s largest mobile and electronics retailer and had been co-owned by VimpelCom, the Russian subsidiary of Veon which trades under the Beeline brand in Russia, and MegaFon. As a result of the deal…read more on TotalTele.com »
Tags: end
retail
joint
venture
MegaFon appoints Pavel Korchagin new chief technology officer
2017-07-10 02:00:00| Total Telecom industry news
The appointment is an internal promotion for Korchagin who previously served as director for the Northwest branch of the company. In his new role, Korchagin will focus on improving the quality of the MegaFon network and also on the company&rsquo…read more on TotalTele.com »
Tags: technology
chief
officer
appoints
Megafon sales, margins under pressure in Q2
2016-07-27 16:02:00| Telecompaper Headlines
(Telecompaper) Revenues of the Russian mobile operator Megafon grew by 3.4 percent year-on-year in the second quarter to RUB 78.723 billion. OIBDA declined by 14.9 percent to RUB 29.554 billion, and net profit decreased by 44.4 percent to RUB 7.234 billion. CEO Sergey Soldatenkov said the increase in revenues was mainly caused by sales of end-user devices and fixed services sales. Mobile service revenue was down 2.3 percent to RUB 65.305 billion.
Tags: sales
pressure
margins
q2
Euroset could be divided between Beeline, Megafon - report
2016-05-19 19:55:00| Telecompaper Headlines
(Telecompaper) Russian mobile operators Megafon and Vimpelcom, working under the Beeline brand, are in talks about dividing the business of mobile retail chain Euroset, reports Vedomosti citing three independent unspecified sources. Both operators own 50 percent stakes in Euroset. No final decision has yet been taken, though one could soon be announced.
Tags: report
divided
beeline
megafon