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MegaFon

MegaFon
Traded as MCXMFON
Industry Mobile telecommunications
Founded May 2002
Headquarters Moscow, Russia
Key people
Ivan Tavrin, CEO (2012)
Products Mobile networks, fixed-line telephony
Revenue Increase $8.3 billion USD (2011)
Increase $1.5 billion USD (2011)
Subsidiaries Synterra Media
Website www.megafon.ru

MegaFon (Russian: МегаФон), previously known as North-West GSM, is the second largest mobile phone operator and the third largest telecom operator in Russia. It works in the GSM, UMTS and LTE standard. Its main competitors are Mobile TeleSystems (MTS), VimpelCom (Beeline), and Tele2 (Rostelecom) in the cellular segment, and Rostelecom and Interregional TransitTelekom in the fixed-line seagment. As of June 2012, the company serves 62.1 million subscribers in Russia and 1.6 million in Tajikistan, South Ossetia and Abkhazia. It is headquartered in Moscow.

In 2002 the company changed its name from North-West GSM to MegaFon when it acquired several regional companies, becoming the first GSM company in Russia to cover all its territory. The name "MegaFon" in Russian looks exactly like the word for a megaphone; other connotations are mega- as "big" and fon as "telephone"

June 17, 1993, was the registration date of North-West GSM CJSC (Saint Petersburg). Alexander Malyshev became the first General Director. The major international investors included Scandinavian companies Sonera (Finland), Telia International AB (Sweden) and Telenor Invest AS (Norway). Telecommunication equipment was supplied by Nokia.


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