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Mobile operator MegaFon plans to invest $4.6 bln in Iran


MegaFon [RTS: MEGF], Russia's third largest mobile operator, is ready to invest around 3 billion euros ($4.6 billion) in its business in Iran, the company's general director said on Monday.

MegaFon International, a subsidiary of MegaFon created to implement projects abroad, is opening its office in Tehran and plans to participate in a tender for obtaining a license on the provision of GSM standard cellular services in Iran.

"We consider the Iranian market sufficiently attractive for the development of mobile communications," Sergei Soldatenkov said. "Iran is ahead of Russia in terms of population growth, while its economy is sufficiently stable."
I suggest that our American friends should at least pospone their plans toward Iran, because Russia no doubt would make all possible steps to defend Russian investments.

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