MegaFon Announces Renewal of Agreement with Telefonica

MegaFon and Telefónica announced the extension of their strategic partnership. Extending the agreement will make it possible for both companies to continue to benefit from their collaboration in a variety of areas, including procurement, expansion of their international customer base and exchange of best practices.

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Company Profile

MegaFon is the Russian No. 1 telecommunication operator. Net sales break down by activity as follows: - mobile telecommunication services (80.4%): 76.9 million subscribers at the end of 2019; - sale of handsets and accessories (10.9%): mobile telephone, tablets, modems, etc.; - landline telecommunication services (8.7%): telephony, Internet access, data transmission services, etc.

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