www.WirelessFederation.com/news: An increase of 3.7 percent in the revenues has been announced by Russian mobile operator Megafon, earning RUB 181.9 billion for 2009. OIBDA went down to RUB 88.2 billion, decreasing 0.1 percent, and the OIBDA margin dropped to 48.5 percent from 50.5 percent in 2008.
2.2 percent increase in the net profit has also been reported generating RUB 45.3 billion. RUB 33.5 billion in free cash flow last year has been generated and with 4.7 percent increase, the CAPEX closed at RUB 52.5 billion. OIBDA dropped 2.0 percent over the same period to RUB 23.1 billion while the fourth-quarter revenues were up 1.9 percent from the third quarter of 2009 to RUB 48.4 billion and the OIBDA margin fell to 47.7 percent from 49.6.
The number of subscribers increased by 16.3 percent, year-on-year, to reach the total of 50.74 million at the end of 2009. The MOU of the company rose 3.6 percent to 285 while ARPU was down 3.1 percent from Q3 to RUB 316. For 2010, Megafon has declared that it will continue with the expansion of its retail network and 3G services.
