MegaFon [SEP] industry
MegaFon
MegaFon (), previously known as North-West GSM, is the second largest mobile phone operator and the third largest telecom operator in Russia. It works in the GSM, UMTS and LTE standard. Its main competitors are Mobile TeleSystems (MTS), VimpelCom (Beeline), and Tele2 (Rostelecom) in the cellular segment, and Rostelecom and Interregional TransitTelekom in the fixed-line segment. As of June 2012, the company serves 62.1 million subscribers in Russia and 1.6 million in Tajikistan. It is headquartered
first investment bank, in partnership with Boris Jordan, an American of Russian origin, and New Zealander Stephen Jennings.
Rozhetskin "amassed his fortune in the mobile phone industry during Russia's privatisation of telecom companies." In 1998, Rozhetskin left Renaissance Capital to co-found the independent venture capital firm LV Finance. With help from Leonid Reiman, LV Finance secured 25% of MegaFon at the time Reiman was Russia's telecommunications minister. In 2003, Rozhetskin sold the MegaFon stake to Alfa Group.
From October 2001