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MegaFon Announces Q3 Results

Financial results News - Published on Mon, 18 Nov 2019

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Russian operator of digital opportunities MegaFon announced its financial and operating results for Q3 2019. In Q2 2019, MegaFon demonstrated steady growth in its key performance indicators while maintaining its loyal subscriber base. The operating results show that MegaFon is pursuing the right strategy towards its digital transformation goal

Revenue increased by 1.4% YoY to RUB 90.0 billion
OIBDA increased by 15.8% YoY to RUB 39.0 billion
OIBDA Margin was 43.3%
Net profit was RUB 3.2 billion
CAPEX decreased by 37.2% YoY to RUB 11.6 billion
Net debt decreased since last quarter to RUB 350.3 billion
The number of mobile subscribers in Russia as of 30 September 2019 increased by 0.1% YoY to 75.3 million
The number of data service users in Russia as of 30 September 2019 increased by 6.2% YoY to 34.2 million.

In Q3 2019 MegaFon unveiled a number of new products for its clients. These included providing its clients with a single point of access for wireless services, home internet and MegaFon TV via its convergeant product called “Obyedinyai! (Unite!)”, as well as implementing a flexible system for increasing cashbacks on its “Vklyuchaisya!” (“Connect!”) tariffs.

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Posted By : TelecomGuru on Mon, 18 Nov 2019
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