Russia's Cellular Phones Penetration Rate Approaches 120%

The Russian cellular market has still shown incredible growth results as the rolling annual growth rate increased from 14 per cent for the year to 31st December 2007 to almost 16 per cent for the year to 31st March 2008, as reported by FierceMobileContent.com. Net additions of subscribers for the year were 23 million, the highest total since 2006.

In April the total size of the Russian cellular market was estimated 167.7 million, giving the country a penetration rate of 118 per cent, up from 115 per cent at the end of 2007. The bulk of Russian cellular customers are accounted for by three operators, MTS, Vimpelcom and MegaFon, who shares 83 per cent of the market.

Source: http://www.fiercemobilecontent.com