OREANDA-NEWS. Open Joint Stock Company “MegaFon” (“MegaFon”, or the “Company”) (LSE: MFON), a leading Russian universal telecommunications operator, announces its consolidated financial results for the fourth quarter (unaudited) and full year (audited) ended December 31, 2012.

Key Consolidated Financial and Operational Results for the year 2012

Consolidated revenue grew by 12.4% y-o-y, to RUR 272,637 million.

OIBDA increased by 16.4% y-o-y, to RUR 117,356 million.

OIBDA margin increased to 43.0% versus 41.6% last year.

Net Income decreased by 12.1% y-o-y, to RUR 38,306 million.

CAPEX decreased by 37.8% y-o-y resulting in CAPEX/Revenue ratio of 16.2%

Free Cash Flow increased by 175.0% to RUR 70,802 million.

Net Debt as of December 31, 2012 was RUR 121,788 million.

The number of active mobile subscribers as of December 31, 2012 was 64.6 million, an increase of 2.9% y-o-y.