USM is a major investor in some of Russia’s most successful telecoms businesses. The group holds the majority stake in MegaFon, Russia’s second-largest telecommunications provider and the leader in mobile data, and wholly owns Peter-Service, the first Russian billing services company.

    MegaFon is Russia’s second-largest mobile operator with 77.2 million subscribers. The company is present in all market segments, including voice, data and other telecommunications solutions, digital TV and IP telephony, M2M, innovative services including mobile TV and OTT video-content, financial services, Big Data, convergent and cloud solutions . It was the first carrier in Russia that covered all regions of the country. The company also operates in Tajikistan, Abkhazia and South Ossetia.

  • The company has pioneered a range of services in Russia, including the launch of MMS and mobile TV, as well as free incoming calls. MegaFon is also a well-established leader in mobile data services, as the first carrier in Russia to launch 3G and 4G/LTE (Long Term Evolution) commercially. Currently, MegaFon offers LTE services across 83 Russian federal regions, covering 72% of the country’s population. The company was also the first in the world to launch its LTE Advanced (LTE-A) network commercially, the fastest globally, allowing its customers to access record mobile internet speeds of up to 450 Mbps. As of 30 September 2017, MegaFon’s LTE-A services were available in 30 Russian regions.

  • MegaFon’s extensive retail network consists of around 7,600 stores, including over 3,750 owned-and-operated stores and third-party mono-brand shops and 3,850 Euroset outlets.

  • MegaFon’s shares are traded on the Moscow Exchange and the London Stock Exchange. The company’s main shareholders are entities that are part of USM and Gazprombank Group.


    Peter-Service is a Russian developer of billing systems for telecoms operators. It offers billing solutions along with product installation, integration and support services through its offices across Russia and in Ukraine. The company has completed over 120 projects for more than 50 operators of fixed and mobile networks in 10 countries.