MOSCOW, May 15 (RIA Novosti) - MegaFon [RTS: MEGF], Russia's third largest mobile operator, said Tuesday its revenue calculated to Russian Accounting Standards (RAS) increased 25.2% year-on-year in the first quarter of 2007 to 8.91 billion rubles (about $345.8 million).
MegaFon, established in 2002, said its RAS gross profit grew 15.5% in the reporting period to 4.30 billion rubles (about $167 million), while operating profit climbed 6.6% to 2.33 billion rubles (about $90 million).
MegaFon's shareholders are Finnish-Swedish TeliaSonera (35.6%), Telecominvest (31.3%), CT-Mobile (25.1%) and IPOC International Growth Fund Ltd. (8%).
