MegaFon's Agreement with Scartel on LTE Technology Is Credit Positive - Moody's Global Credit Research

MegaFon's Agreement with Scartel on LTE Technology Is Credit Positive

MegaFon's Agreement with Scartel on LTE Technology Is Credit Positive - Moody's Global Credit Research
MegaFon's Agreement with Scartel on LTE Technology Is Credit Positive
Published Dec 05, 2011
3 pages (1627 words) — Published Dec 05, 2011
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Brief Excerpt:

...Last Wednesday, MegaFon OJSC (Ba1 stable) announced that it had signed an agreement with Scartel LLC (unrated), a major owner of frequencies suitable for long-term evolution (LTE) technology in Russia, to jointly develop an LTE network for fourth-generation (4G) mobile services. The agreement is credit positive for MegaFon because it will enable it to offer LTE-based services in Russia, particularly in Moscow, Russia's largest mobile-data market, ahead of competitors, which do not have access to frequencies suitable for LTE. The agreement anticipates that MegaFon will offer its services as a mobile virtual network operator (MVNO) using Scartel's network. Meanwhile, Scartel will benefit from the partnership by teaming up with one of the Russia's leading mobile-phone operators to develop its LTE network. Although the companies did not disclose the price that MegaFon will pay to access Scartel's frequencies, we believe that MegaFon can accommodate what we estimate will be a modest investment...

  
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MegaFon OJSC
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MegaFon, MTS and VimpelCom: Peer Comparison - Credit Focus – 2012/12/13 – US$ 750.00 – ...Business profile: MTS (1), MegaFon (2), VimpelCom (3) Among Russia's "Big Three" mobile operators ¡ MegaFon OJSC (Baa3 negative), Mobile TeleSystems OJSC (MTS; Ba2 stable) and Vimpel-Communications OJSC (Ba3 stable), MTS has the strongest business profile. MTS is the leader both in terms of mobile subscriber base in Russia (31% of total as of September 2012)...

Moody's assigns Baa3 issuer rating to MegaFon OJSC; outlook stable - Rating Action – 2011/12/07 – US$ 180.00 – Global Credit Research Rating Action 7 DEC 2011 Rating Action: MegaFon OJSC Moody's assigns Baa3 issuer rating to MegaFon OJSC; outlook stable London, 07 December 2011 -- Moody's Investors Service has today assigned a senior unsecured...

Moody's upgrades MegaFon to Ba1 with stable outlook - Rating Action – 2009/12/23 – US$ 180.00 – Global Credit Research Rating Action 23 DEC 2009 Rating Action: MegaFon S.A. Moody's upgrades MegaFon to Ba1 with stable outlook London, 23 December 2009 -- Moody's Investors Service has today upgraded the corporate family rating (CFR)...

Moody's comments on the announcement that Altimo and TeliaSonera will combine ownership interests in MegaFon and Turkcell - Issuer Comment – 2009/11/18 – US$ 200.00 – Global Credit Research Issuer Comment 18 NOV 2009 Issuer Comment: MegaFon OJSC Moody's comments on the announcement that Altimo and TeliaSonera will combine ownership interests in MegaFon and Turkcell Moody's Investors Service notes...

MegaFon OJSC - LGD Assessment – 2009/05/14 – US$ 750.00

More from Moody's Global Credit Research

Moody's Global Credit Research—Moody's Investors Service, a leading global credit rating, research and risk analysis firm, publishes credit opinions, research, and ratings on fixed-income securities, issuers of securities and other credit obligations. Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Ratings also create efficiencies in fixed-income markets and similar obligations, such as insurance and derivatives, by providing reliable, credible, and independent assessments of credit risk. For issuers, Moody's services increase market liquidity and may reduce transaction costs.

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MLA:
Moody's Global Credit Research. "MegaFon's Agreement with Scartel on LTE Technology Is Credit Positive" Dec 05, 2011. Alacra Store. Oct 22, 2018. <http://www.alacrastore.com/moodys-credit-research/MegaFon-s-Agreement-with-Scartel-on-LTE-Technology-Is-Credit-Positive-PBC_137855>
  
APA:
Moody's Global Credit Research. (). MegaFon's Agreement with Scartel on LTE Technology Is Credit Positive Dec 05, 2011. New York, NY: Alacra Store. Retrieved Oct 22, 2018 from <http://www.alacrastore.com/moodys-credit-research/MegaFon-s-Agreement-with-Scartel-on-LTE-Technology-Is-Credit-Positive-PBC_137855>
  
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