Public Joint Stock Company MegaFon (OTCMKTS:MFOYY) is one of Russia’s leading telecommunications operators, offering a broad portfolio of mobile, fixed-line and digital communication services. Headquartered in Moscow, the company serves millions of subscribers across Russia’s federal districts and extends its reach into neighboring markets. MegaFon’s mobile network supports voice, SMS and data services, while its fixed-line and broadband business delivers high-speed internet and IP-based telephony to residential and corporate customers.
In addition to traditional telecom offerings, MegaFon has developed a suite of digital products that includes cloud computing, cybersecurity, Internet of Things (IoT) solutions and mobile financial services. Its enterprise arm provides managed connectivity, data center services and unified communications platforms for businesses of all sizes. The operator also maintains strategic partnerships to expand its digital ecosystem, collaborating with software vendors, equipment manufacturers and financial institutions to integrate next-generation technologies.
Since its founding as North-West GSM in 1993 and official rebranding as MegaFon in 2002, the company has been at the forefront of network evolution in Russia. It launched its first 3G services in 2007, rolled out 4G LTE in 2012 and has since begun commercial 5G deployments in major cities. MegaFon continues to invest in network capacity and coverage, deploying advanced radio access technologies and expanding fiber-optic infrastructure to support growing demand for high-bandwidth applications.
Under the leadership of CEO Sergey Soldatenkov and a board of experienced industry executives, MegaFon focuses on sustainable growth and innovation. The company emphasizes digital transformation, prioritizing customer experience and operational efficiency. MegaFon’s governance and strategic direction are overseen by a supervisory board, ensuring compliance with regulatory standards and alignment with long-term market objectives.
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