Date: 8 months ago   Category: Corporate finance

The revenue of MegaFon in 2016 has made 316 billion rubles


MegaFon on Thursday, March 16, has published financial results for the fourth quarter and twelve months 2016. In the information message of the company which the editorial office of Lenta.ru has, it is noted that the operator has implemented the development plan for network, having finished year with growth of the consolidated revenue. "Financial results for the fourth quarter and twelve months 2016 fully reflect a situation in the market: our consolidated revenue for 0,8 percent has exceeded the level of last year and has made more than 316 billion rubles" — the CEO of MegaFon Sergey Soldatenkov has noted. According to him, growth of proceeds from data transmission was slowed down, and profitability on the corrected indicator of OIBDA has decreased up to 38,3 percent. At the same time positive dynamics was shown by proceeds from sales of the equipment and from services of a fixed telephony. So, the proceeds from mobile data transmission have made 84,4 billion rubles, having increased by 2015 by 5,7 percent. A key event of last year Soldatenkov called acquisition of a controlling stake of voting shares of Mail.Ru Group. "This transaction will allow us to transform business and to carry out transition from the mobile operator to the company of the integrated digital communications" — the CEO has emphasized.

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