MegaFon

Russian operator MegaFon launched a legal case to have European Union sanctions against it quashed, with the company making a number of legal claims questioning the validity of action imposed earlier this year.

Russian state-owned operator Rostelecom reportedly entered talks to buy rival MegaFon as the latter’s parent USM Group seeks to exit the telecoms market, local newspaper Kommersant reported.

Russia-based operator group MegaFon prepared to enter Uzbekistan through a venture with its parent company and the Uzbek state, with the newly formed business set to take control of scandal-hit former Telia unit Ucell.

GSMA THRIVE EURASIA: MegaFon became the latest player to look skywards for solutions to providing high-capacity services in remote areas, with CEO Gevork Vermishyan stating a low Earth orbit satellite project backed by the operator could be a huge revenue…

Operator MegaFon began offering remittances between its home market of Russia and a subsidiary in Tajikistan, with cash transferred from bank accounts directly to its mobile wallet application.

Russian operators Rostelecom and MegaFon were granted access to 5G-suitable spectrum to begin joint trials into the capabilities of the next-generation technology, local media reported. ComNews. ru stated the Russian State Commission on Radio Frequencies (SCRF) allocated spectrum in the 24.

Veon bought out JV partner Alfa Bank to take outright ownership of Russian financial services provider National Service Company, business website VC. ru reported. The transaction will mean Veon has complete control over online and mobile payment brand RuRu.