Moscow, Russian Federation, 18-8-2015 — /EuropaWire/ — Public Joint Stock Company “MegaFon” (LSE: MFON), a leading Russian telecommunications operator (“MegaFon” or the “Company”), announces the completion of the acquisition (the “Acquisition”) of a 100% interest in JSC “SMARTS-Samara”, a 100% interest in CJSC “Astrakhan GSM”, a 100% interest in CJSC “Yaroslavl GSM” and a 100% interest in CJSC “SMARTS-Cheboksary” (the “Companies”).
The Acquisition of the Companies will strengthen MegaFon’s position in 900/1,800 MHz spectrum in the Chuvash Republic and the Samara, Astrakhan and Yaroslavl regions of Russia.
Mr. Dmitry Kononov, Director — Investor Relations and M&A, commented: “The Acquisition will provide MegaFon with a number of strategic benefits, including improvement of our position in 900/1,800 MHz spectrum in the region by utilizing cost-effective network development. We will be able to develop LTE 1,800 faster due to the opportunity to re-farm the 1800 MHz frequencies for LTE networks. The Acquisition will also allow the Company to sustain its leadership in the Samara market, as well as protect MegaFon’s revenue and market share in other cities of the Volga and North-West regions”.
For More Information:
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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 Stock 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.