Formed in 1993, MegaFon is Russia’s second largest mobile operator in terms of revenue and subscribers and is the market leader in the mobile data segment. With over 30,000 employees, MegaFon is a leading universal telecommunications provider with some 63 mln active subscribers in the Russian Federation. The company offers a full range of voice, data and other mobile and fixed line telecommunications services, including digital TV and IP telephony to retail customers, businesses, government clients and other telecommunication service providers. MegaFon operates the most extensive 3G network in Russia and is the leader in 4G network coverage in Russia. The company’s shares are traded on the London Stock Exchange and the Moscow Exchange. In 2011, MegaFon’s revenue grew 12.6% year-on-year to US$7.9 billion.