Marchmont News

Marchmont News is a bi-lingual news website for the Russian and international business community focusing on a dozen economic sectors across Russia's nine time zones, with special emphasis on industrial modernization and technological innovation in the Russian regions. Marchmont's analytical archive contains more than 17,500 feature stories and news updates. Marchmont readership consists of active business network representatives, with more than 8,700 daily readers. The site is published by Marchmont Capital Partners, Nizhny Novgorod, a 100% owned Russian subsidiary of Florida based Marchmont Capital Partners, LLC. The company offers products and services to meet the unique needs its target audience that includes entrepreneurs seeking business expansion, professional managers, and investors looking for new opportunities on the Russian market. Contact: Oleg Kouzbit, [email protected]

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TTK-NN to provide cable TV services in Nizhny Novgorod region

Telecom company TTK-Nizhny Novgorod (TTK-NN) has received a license on provision of cable TV services in Nizhny Novgorod region, the company reports. Under the license agreement, the company is to start providing services before March 2013. The license expires on March 23, 2016.

Skolkovo innovation center to be launched in 2014

The construction of the first complex of the Skolkovo innovation center outside Moscow is scheduled to begin in 2012 and be completed in early 2014, news agency RIA Novosti reports citing a source in the Skolkovo Fund.

MTS to pay out $1.08 billion in 2010 dividends

MTS, a major Russian mobile operator and retailer, has announced plans to pay out $1.08 billion in 2010 dividends, which accounts for 70.08% of the company’s net profit for the year. The company’s dividend policy reportedly implies to direct at least 50% of profit on dividends.

MTS to invest $14.4 million in Lipetsk region in 2011

MTS, a leading Russian mobile operator, intends to invest $14.4 million in telecom network modernization in Lipetsk region in 2011, reports CNews.ru, a site covering IT and telecoms issues. Under plans, the company is to replace radiosubsystem and commutation equipment, renew software and expand transport network. The program is scheduled to be carried out till …

MTS to invest $14.4 million in Lipetsk region in 2011 Read More

MTS to buy Ufanet for $170-$180 million

MTS, a leading Russian mobile operator, intends to purchase Bashkortostan’s telecom operator Ufanet, Russian business daily Kommersant reports. In the fall of 2010 Megafon wanted to buy Ufanet but in the last moment changed decision because of the price of $170-$180 million.

Megafon to buy St. Petersburg’s Web Plus with $4 million debt

Megafon, a major Russian mobile operator, is considering purchasing St. Petersburg Internet provider Web Plus, Russian business daily Kommersant reports. The deal price has yet to be disclosed, but, according to experts, the price will be “symbolic”, since Web Plus is a loss-making firm with $4 million debt, the newspaper said. The seller is Telecominvest.

Rostelecom to build a $110 million line between Russia and Kaliningrad

National telecom operator Rostelecom is considering building a $110 million submarine communication line between St. Petersburg and Kaliningrad region, reports ComNews.ru, a site specializing in the Russian telecom and IT markets. The company might carry out the project with partner investors or on its own, ComNews.ru says.

Rostelecom to build $50 million 4G network in Chuvashia

Russia’s national telecommunications operator Rostelecom intends to develop 4G network in the Republic of Chuvashia, Kommersant reports. Investment in the project has yet to be disclosed but is estimated by experts at $40-$50 million. The network construction is scheduled to start this year.

MTS to buy Tatarstan TV and radio company for $180 million

MTS, a leading Russian mobile operator, intends to purchase Republic of Tatarstan TV and Radio Company TVT (TRC TVT) for $180 million, Kommersant reports. TRC TVT, the largest cable TV operator in Tatarstan, is currently 100% owned by TAIF group. It provides services in 15 municipalities and covers over 650,000 households.

Samara region launches $21 million telecom services development plan

A total of $21.2m is to be spent on development of telecommunications services in the villages in Samara region, regional officials report. The project is reportedly expected to be financed under private-public partnership, with half of the funding to be allocated from the regional budget, and another half to be invested by the region’s telecom …

Samara region launches $21 million telecom services development plan Read More

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