TIDMMFON TIDMTDE
RNS Number : 6561F
OJSC Megafon
28 May 2013
TELEFONICA AND MEGAFON SIGN GLOBAL STRATEGIC PARTNERSHIP
AGREEMENT
MADRID, SPAIN AND MOSCOW, RUSSIA (28 May 2013) -Telefónica S.A.
("Telefónica") (NYSE: TEF) and open joint stock company MegaFon
("MegaFon") (LSE: MFON), a leading Russian universal
telecommunications operator, jointly announce that they have
established a strategic partnership. Under this Agreement MegaFon
will join Telefónica's Partners Programme, which enables
telecommunications operators to work together and to benefit from
Telefónica's scale and knowledge.
This new partnership between both companies will facilitate cost
optimisation in equipment purchases via joint procurement and
MegaFon and Telefonica will also exchange technological know-how.
Under the Agreement Telefónica will provide services to
multinational corporate clients using MegaFon's network and
similarly MegaFon business customers will have access to services
when abroad.
In the future, MegaFon and Telefónica via their respective
specialised subsidiaries, with their focus on rapid development,
launch and monetisation of products in adjacent telecom businesses,
may also promote the development of various new businesses (such as
OTT, cloud services or M2M), creating new growth opportunities for
both companies.
The Agreement between MegaFon and Telefonica will expand
Telefonica's Partners Programme and will increase the number of its
participants, which already include equity partners such as China
Unicom and Telecom Italia, as well as other members. Currently
Telefónica and its Partners provide services to customers in 52
countries with a population of 1.5 billion people.
Ivan Tavrin, Chief Executive Officer of MegaFon, commented:
"Joining Telefónica's Partners Programme is in line with
MegaFon's long term strategy focused on efficient growth, mobile
Internet service development and enhancement of the customer
experience. This Agreement enables us to work with the best
international professionals to use their experience in improving
quality of services, customer relationship management and in new
product development".
Eduardo Navarro, Telefónica Group's Chief Strategy and Alliances
Officer, stated:
"We are committed to jointly work to take advantage of our
outstanding strategic alignment and to make available the benefits
of Telefónica's scale and breadth of business through the
Telefonica Partners Program, as well as to tackle together the
challenges the industry transition is posing to operators
worldwide".
For More Information
Telefónica S.A.
Media: Tel: + 34 91 482 3800 prensa@telefonica.es
OJSC MegaFon
Media: Peter Lidov Tel: + 7 926 200 6699 plidov@megafon.ru
Investors: Dmitry Kononov Tel: + 7 926 200 6490
dkononov@megafon.ru
Citigate Dewe Rogerson (London) Tel: +44(0)20 7638 9571
David Westover
Marina Zakharova
Notes To Editors
Telefónica is one of the largest telecommunications companies in
the world in terms of market capitalisation and number of
customers. From this outstanding position in the industry, and with
its mobile, fixed and broadband businesses as the key drivers of
its growth, Telefónica has focused its strategy on becoming a
leading company in the digital world.
The company has a significant presence in 24 countries and a
customer base that amounts close to 316 million accesses around the
world. Telefónica has a strong presence in Spain, Europe and Latin
America, where the company focuses an important part of its growth
strategy.
Telefónica is a 100% listed company, with more than 1.5 million
direct shareholders. Its share capital currently comprises
4.551.024.586 ordinary shares traded on the Spanish Stock Market
(Madrid, Barcelona, Bilbao and Valencia) and on those in London,
New York, Lima, and Buenos Aires.
MegaFon OJSC is a leading Russian universal telecommunication
service provider, operating in all segments of the
telecommunications markets in Russia. MegaFon was incorporated in
June 1993 as CJSC "Northwest GSM" and renamed OJSC "MegaFon" in
2002. MegaFon was the first operator with a network covering all
regions of Russia. The Company and its subsidiaries have licenses
to operate in all of the Russian regions and in the Republics of
Abkhazia, South Ossetia and Tajikistan. The Company was the first
in Russia to launch 3G for commercial operations and is currently
in the number one position among all operators in the provision of
mobile Internet, and in the number two position as to the number of
active subscribers in Russia.
In 2009, MegaFon was selected as the Mobile General Partner of
the XXII Winter Olympic Games and XI Paralympic Games to be held in
Sochi in 2014.
As a result of its acquisition of the Synterra Group, one of the
leading Russian backbone operators, in June 2010, MegaFon
substantially increased its fixed-line B2B and B2G businesses, as
well as its provision of fixed broadband services. In July 2012
MegaFon was awarded one of four ten-year licenses for the provision
of 4G/LTE services throughout the entire Russian Federation and,
through its MVNO arrangement with Yota, has already started
providing these services in 81 towns and cities in 29 different
regions by the end of March 2013. In September 2012 the Company
acquired the VAS Media group of companies, which are now being
integrated with MegaLabs, its R&D subsidiary. In December 2012
the Company acquired a 25% interest in the Euroset retail chain,
the largest chain in Russia providing telecommunications goods and
services, and is committed to acquire a further 25% within the next
three years.
In November 2012 MegaFon successfully completed an initial
public offering on the Moscow Stock Exchange and the London Stock
Exchange. MegaFon has two principal shareholders, companies in the
AF Telecom group (approximately 50.01%) and the TeliaSonera group
(approximately 25.17%). Additional shares are held by its CEO, Ivan
Tavrin (2.5%) and by a wholly owned subsidiary of the Company
(7.57%, of which Mr. Tavrin has the right to acquire up to 2.5% at
various times prior to 2017), while the public float represents
approximately 14.75% of the outstanding shares.
Disclaimer/ Forward Looking Statements
Certain statements and/or other information included in this
document may not be historical facts and may constitute "forward
looking statements" within the meaning of Section 27A of the U.S.
Securities Act and Section 2(1)(e) of the U.S. Securities Exchange
Act of 1934, as amended. The words "believe", "expect",
"anticipate", "intend", "estimate", "plans", "forecast", "project",
"will", "may", "should" and similar expressions may identify
forward looking statements but are not the exclusive means of
identifying such statements. Forward looking statements include
statements concerning our plans, expectations, projections,
objectives, targets, goals, strategies, future events, future
revenues, operations or performance, capital expenditures,
financing needs, our plans or intentions relating to the expansion
or contraction of our business as well as specific acquisitions and
dispositions, our competitive strengths and weaknesses, our plans
or goals relating to forecasted production, reserves, financial
position and future operations and development, our business
strategy and the trends we anticipate in the industry and the
political, economic, social and legal environment in which we
operate, and other information that is not historical information,
together with the assumptions underlying these forward looking
statements. By their very nature, forward looking statements
involve inherent risks, uncertainties and other important factors
that could cause our actual results, performance or achievements to
be materially different from results, performance or achievements
expressed or implied by such forward-looking statements. Such
forward-looking statements are based on numerous assumptions
regarding our present and future business strategies and the
political, economic, social and legal environment in which we will
operate in the future. We do not make any representation, warranty
or prediction that the results anticipated by such forward-looking
statements will be achieved, and such forward-looking statements
represent, in each case, only one of many possible scenarios and
should not be viewed as the most likely or standard scenario. We
expressly disclaim any obligation or undertaking to update any
forward-looking statements to reflect actual results, changes in
assumptions or in any other factors affecting such statements.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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