ENP Newswire - 14 July 2014
Release date- 11072014 - Moscow- At the ceremony of the prestigious IR magazine Russia & CIS Awards, that took place yesterday, MegaFon's Director for Investor Relations and M&A Dmitry Kononov was named the best IRO among public telecommunications companies.
In November 2012, MegaFon held an initial public offering of its shares on the Moscow and London stock exchanges. According to ???? Finance Magazine, the Company's IPO was considered the best IPO in Central and Eastern Europe in 2012. Since that moment, the Company's global depositary receipts (GDRs) have appreciated by 51%, despite volatile capital markets in Q1 2014, following MegaFon's solid operating and financial performance and efficient work of the Company's IR team headed by Dmitry Kononov. The'Best IRO in telecommunications' award reflects that sell-side and buy-side representatives investing in Russia and CIS voted for MegaFon and in such a manner highly valued the Company's efforts in creating the most successful communication with shareholders and investors.
'I am happy to get this prestigious award in the Investor Relations as the public history of our Company counts only 18 months. This is not just my personal merit, but of the whole team. In our regular work we use best practices and methods of communication with shareholders and investors. MegaFon participates in different conferences and events being arranged by Russian and foreign investment banks on a regular basis in order to maintain direct contact with existing and potential investors. We are aimed at providing our investors and shareholders with the most full, clear and up-to-date information about the Company's performance', - comments Dmitry Kononov, Director of Investor Relations and M&A.
Notes to Editors
MegaFon OJSC is a leading Russian universal telecommunication service provider, operating in all segments of the telecommunications markets in Russia. The Company and its subsidiaries have licenses to operate in all of the Russian regions and in the Republics of Abkhazia, South Ossetia and Tajikistan.
The Company was the first in Russia to launch 3G for commercial operations. In July 2012MegaFon was awarded one of four ten-year licenses for the provision of 4G/LTE services throughout the entire Russian Federation and has already started providing these services in 50 different regions. In October 2013MegaFon completed the acquisition of a 100% interest in Scartel/Yota, which hold significant 4G/LTE licenses, from Garsdale Services Investment Limited, its shareholder and a member of the AF Telecom group (see below). The Company is a leader in the provision of mobile Internet, and in the number two position as to the number of active subscribers in Russia.
As a result of its acquisition of the Synterra Group, one of the leading Russian backbone operators, in September 2010, MegaFon substantially increased its fixed-line B2B and B2G businesses, as well as its provision of fixed broadband services In September 2012 the Company acquired the VAS Media group of companies, which was integrated with MegaLabs, its R&D subsidiary.
In December 2012 the Company acquired a 25% interest in the Euroset retail chain, the largest chain in Russia providing telecommunications goods and services, and is committed to acquire a further 25% by December 2015.
In November 2012MegaFon successfully completed an initial public offering on the Moscow Stock Exchange and the London Stock Exchange. MegaFon has two principal shareholders, companies in the AF Telecom group (approximately 50.01%) and the TeliaSonera group (approximately 25.17%). Additional shares are held by its CEO, Ivan Tavrin (approximately 2.54%) and by a wholly owned subsidiary of the Company (7.57%, of which Mr. Tavrin has the right to acquire up to 2.5% prior to 2017), while the public float represents approximately 14.71% of the outstanding shares.
In 2009, MegaFon served as the Mobile General Partner of the XXII Winter Olympic Games and XI Paralympic Games held in Sochi in 2014.
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.
For more information
Media: Peter Lidov
Tel: + 7 926 200-66-99
Investors: Dmitry Kononov
Tel: + 7 926 200-64-90