MegaFon, one of Russia’s three largest mobile phone operators, posted a first quarter GAAP net profit of 10.091 billion rubles ($359 million) on Tuesday, down 1.9 percent on the previous year. Consolidated revenue rose 18 percent to 55.156 billion rubles, MegaFon said. “Net income for the first quarter of 2011 decreased by 1.9% compared to […]