MegaFon mobile operator to get $600m in investments

About $600m are planned to be invested in the development of the MegaFonmobile network throughout 2004, the press service of the company reported.In the middle of August 2002, the number of base stations was more than1,700. The total number of the company's subscribers is some 2m currently.There are about 1.3m stations in the North Western region, including St.Petersburg, about 300,000 subscribers in the North Caucasus, 255,000 in theVolga region, some 130,000 in Moscow and the Moscow region and 15,000 inthe Ural region. MegaFon's main shareholders are Telecominvest, CT-Mobile,Sonera (Finland) and Telia (Sweden). The area of licensed coverage includes89 regions and republics of the Russian Federation where 147m people areliving. .

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