MegaFon Sees Stabilisation

Thanks to an increase in subscribers, MegaFon, Russia's third-largest mobile operator, reported a 11% year-on-year rise in revenues for the first quarter of 2009 to 42.2 billion roubles (1.36 billion US dollars). Although minutes of use per customer and ARPU fell in the first quarter as a result of the economic downturn, MegaFon said it is now "seeing some positive signs of stabilization in these operational trends." source: MegaFon statement