Megafon records RUB 63.4bn sales revenue in Q3 2011

2011-11-22



Megafon, the second largest mobile telephony operator in Russia by number of subscribers, reported sales revenues of RUB 63.4bn (€1.58bn) in Q3 2011, resulting in a 10.2% increase on a yearly basis.

According to Serghei Soldatenkov, CEO of the operator, sales of mobile internet, which increased by 47.6% per annum in Q3 2011, as well as the 92.7% year-on-year growth of the revenues from the distribution of mobile handsets through the company’s own retail network, became key drivers of Megafon’s revenues growth in the third quarter.

The total number of active SIM cards served by the operator increased by 7.4% year-on-year, reaching 60.6 million at the end of September 2011. In June 2011, Megafon acquired Net-by-Net, a provider of fixed line internet access service in Moscow, which led to 36.6% growth of the company’s sales in the fixed-line segment.

Key performance indicators of Megafon, Q1 2010- Q3 2011

Indicator	Q1 2010	Q2 2010	Q3 2010	Q4 2010	Q1 2011	Q2 2011	Q3 2011
Sales revenue (RUB bn)	46.743	52.215	57.566	58.991	55.156	58.557	63.433
Mobile business included (RUB bn)	46.523	51.125	54.618	55.596	51.741	55.446	59.407
Share of VAS in mobile revenue (%)	21.8	20.3	22.8	25.4	28.7	23.7	23.9
SIM card numbers at end of the period (million)	51.6	53.5	55.9	56.6	56.5	58.3	60.6
Monthly ARPU (RUB)	295	315	321	314	294	313	321
Monthly MoU (minutes)	272	291	285	293	278	295	289
CAPEX (RUB bn)	4.0	12.6	17.3	32.4	13.1	16.0	16.4

Source: Megafon, 2011