MegaFon announces over $200m investment for 2014 Sochi Olympics

MegaFon announces over $200m investment for 2014 Sochi OlympicsMegaFon, a leading Russian mobile operator, has announced a $130m commitment to building and upgrading the 2014 Sochi Winter Olympics? telecommunications infrastructure.

MegaFon, a leading Russian mobile operator, has announced a $130m commitment to building and upgrading the 2014 Sochi Winter Olympics? telecommunications infrastructure , East-West Digital News, the international resource on Russian digital industries, reported earlier this week. According to Tigran Pogosyan, MegaFon?s deputy CEO for strategic ventures and director of the firm?s Sochi-2014 project, in addition to the $130m his company, an official Sochi Olympics telecom partner since 2009, also intends to provide another $100m or so for sponsor services prior to and during the Games. The mobile operator is building new fiber optical communication lines (FOCLs), base stations, and a stand-by technical center in this region in Southwest Russia. By next year, MegaFon reportedly hopes to complete new installations that will offer high-quality telecom services to the entire Greater Sochi area, which previously had poor or no mobile coverage...