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RUSSIA: MEGAFON EARNS $822 MILLION
MegaFon, Russia's third largest cell phone operator, has doubled its annual revenues last year to $822 million, the company said this week. Unaudited earnings before interest, tax, depreciation and amortization rose to US$377.6 million against $143.8 million in 2002. The company, with 6.8 million subscribers, said it plans to nearly double its client base in 2004 and generate revenues of $1.3 billion. - (EMEconomy.com)

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