MOSCOW, April 17 (RIA Novosti) - MegaFon [RTS: MEGF], Russia's third largest mobile operator, said Thursday its unaudited US GAAP net income grew 70.2% year-on-year in 2007 to $1.38 billion.
MegaFon, which was established in 2002, said its revenue in the reporting period increased 53.2% to $5.72 billion.
MegaFon attributed its revenue growth to increased subscriber numbers and subscriber traffic volumes.