Tele2 and Next Mobile have launched a virtual telecom operator. According to the parties, Migo Mobile started providing services in the Tele2 network on September 17.
For Tele2 and Next Mobile, the MVNO project in partnership with the blogger is a unique business case in Russia and worldwide offering access to a new market segment. At the launch stage the new operator will operate in Moscow and Moscow region.
Next Mobile is a full-fledged mobile operator operating in Russia aggregating all major cellular networks to automatically choose the highest quality connection option. Next Mobile founded in 2014 is part of S8 Capital (s8.capital), a versatile Russian holding creating and developing high-tech digital products and platforms and uniting businesses in finance, telecoms, e-Commerce, digital media and retail. The holding's founder and shareholder is Russian businessman Armen Sargsyan.
Tele2 is a cellular service provider operating in Russia since 2003. The company provides telecom services in 67 regions of Russia, including Moscow and Moscow region. Net profit of Tele2 for 2019 increased twice to RUB 6.6 billion from RUB 2.7 billion a year earlier. Revenue increased by 14% to RUB 163.3 billion from RUB 143.2 billion. EBITDA was RUB 65.6 billion increasing by 50%. Total investment in the IT infrastructure and network development amounted to RUB 33.8 billion (+32.5% YoY). As of December 31, 2019, the company had 44.6 million subscribers increasing by 2.3 million subscribers for the year. The annual subscriber churn decreased by 2.6% to 34.8%.