June 19 MegaFon BOD approved participation in Gars Holding Limited (Cyprus) as a holder of Gars Telecom through the acquisition of 100% of its stocks from Stayblon Limited (Virgin Islands), the company informed.

Gars Telecom was set up in 1999. It has the whole package of licenses on the provision of federal com operator services.

From 2003 it is in operation as virtual mobile com operator for corporate sector (MVNO, Mobile Virtual Network Operator).

MegaFon (TIN 60.14.7812) was set up in 2002 and is ranked as the 2d by the number of cellular consumers in Russia. In June 2010 MegaFon acquired 100% in Sinterra. The subs are operating in Tadjikistan, Abkhazia, South Osetia.

The share capital is worth 62mln rub. split in 620mln common stocks of 0.1 rub. par. TeliaSonera keeps 25.17%, AF Telecom — 50% plus one stock, MegaFon Investments (Cyprus) Limited — 7.57%, director general — 2.5%.

The 9-month 2014 net profit (IAS) declined 18.3% to 33.906bn rub. from 41.526bn rub.; revenues moved up 6.9% to 232.608bn rub. from 217.497bn rub.; OIBDA — 2% to 104.064bn rub. from 102.07bn rub.

The 9-month 2014-net profit rallied down (RAS) 24.46%% to 34.133bn rub. from 45.191bn rub. prior year; revenues moved up 6% to 213.539bn rub. from 201.5bn rub.; gross profit dropped 0.65% to 102.057bn rub. from 102.73bn rub.; pretax profit — 25% to 42.591bn rub. from 56.596bn rub.