Russian mobile operator MegaFon is insisting that investor interest in its proposed initial public offering (IPO) is strong, despite deciding to delay the start of its flotation roadshow until its third-quarter results have been published in early November, reports the Daily Telegraph. (See Euronews: More 4G for Russia.)
Elsewhere on the Arabian peninsula, Emirates Integrated Telecommunications Co. (du) has seen its third-quarter net profits rise 33.8 percent year-on-year to 654 million Emirati Dirhma (US$178 million), thanks not least to a near-doubling of mobile data revenues.
— Paul Rainford, Assistant Editor, Europe, Light Reading