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MegaFon revenues jump 19% to $1.76bn in 2Q10

Russian operator MegaFon reported a 19 per cent increase in revenues year-on-year in 2Q10 to RUB52.22bn ($1.76bn). MegaFon attributes its strong revenue performance to significant growth of its subscription base and higher use of 3G data services. At the end of 2Q10 MegaFon had 53.5 million subscriptions, giving it a market share of 24.8 per cent.

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