Megafon sales, margins under pressure in Q2

(Telecompaper) Revenues of the Russian mobile operator Megafon grew by 3.4 percent year-on-year in the second quarter to RUB 78.723 billion. OIBDA declined by 14.9 percent to RUB 29.554 billion, and net profit decreased by 44.4 percent to RUB 7.234 billion. CEO Sergey Soldatenkov said the increase in revenues was mainly caused by sales of end-user devices and fixed services sales. Mobile service revenue was down 2.3 percent to RUB 65.305 billion.