[July 06, 2009] 'MegaFon merges with subsidiaries' Tweet Jul 06, 2009 (DMEUROPE via COMTEX) -- Russian operator MegaFon has completed the merger with its regional subsidiaries as part of its reorganisation process. As of 1 July, mobile communications services are rendered by the Stolichny, Kavkaz, Central, Povolzhie, Ural, Siberia and Far East branches of MegaFon. The merger of the subsidiaries with MegaFon is expected to accelerate the implementation of projects on 3G as well as long-distance domestic and long-distance-international networks development on the entire territory of the Russian Federation. Megafon also expects to offer additional services in terms of communications services to large federal customers with developed branch structures. The former general directors of subsidiaries have been appointed as directors of the newly established branches of MegaFon. The heads of the branches have been elected to the management board of MegaFon. Apart from that, each of the directors of the branches became deputy CEO of MegaFon for the corresponding region. Distributed for DMeurope.com via M2 Communications (www.m2.com) [ Back To TMCnet.com's Homepage ]