Russia’s leading WiMax provider Scartel, working under the Yota brand, has sold 100% of its stake in Yota Del Peru, a subsidiary it created in 2010 with Multinet Group, a discrete Russian company operating 4G networks in African and Asian countries, among other telecom activities. The acquiring parties included ICT Group, one of the largest …
New shareholders to invest $100 million in Yota Del Peru Read More
Questli, a startup from Novosibirsk, Siberia, has raised an undisclosed amount from Zurich-based venture capital firm Redalpine and individual investors from Switzerland and Germany, industry blogger Yakov Sadchikov reported yesterday. Questli’s award-winning treasure hunting games combine crowd-sourced quests, location-based services and couponing. Founded by Danila Kozyatnikov in April 2011, the startup initially received CHF 200,000, …
Siberian game publisher Questli attracts Swiss and German money Read More
A Russian made search, news and advertising portal named Wada will be launched in Vietnam in a matter of weeks. It has been developed by Ashmanov & Partners, a leading Moscow web agency, in association with the Russian financial group Finam and Kazakhstani real estate developer Kusto. Although the initial investment in the Wada project has amounted …
Russian companies demonstrate growing presence in Southeast Asian Internet markets Read More
Launched 35 years ago as an alternative to the American GPS and other international navigation systems, Russia’s national radio-based satellite navigation system Glonass is now completing its satellite constellation, bumping the number of operational satellites up to 24 in order to offer continuous coverage anywhere in the world, officials from the Russian Federal Space Agency (Roscosmos) …
EPAM Systems, an offshore software developer with major R&D centers in Russia, Belarus, and Ukraine, has rescheduled its IPO to Q1 2012, Reuters reported yesterday. In June 2011, the company filed with US regulators to raise up to $100 million in an IPO of its common stock. At the time of filing, EPAM announced its …
MegaFon, a major Russian mobile operator, made a further step last Friday towards business diversification and regional expansion by acquiring Yugratel, a broadband Internet and cable TV provider operating in the Khanty-Mansiysk Autonomous District of Western Siberia. Yugratel was sold through an auction sale by the local authorities for 2.4 billion rubles, or approximately $76 …
Megafon acquires Internet and cable TV provider in Western Siberia Read More
DST, Russia’s leading IT fund with stakes in Facebook, Groupon, Twitter and other top global web properties, has participated in a round of financing for Klarna, a Stockholm based alternative payment solution provider. Also participating in the round were General Atlantic, a leading global private equity firm, and Sequoia Capital, which contributed to Klarna’s financing …
Yuri Milner, founder of Russia’s leading Internet investment fund DST Global, and Pavel Durov, founder of Vkontakte.ru, the country’s most popular social network, launched Start Fellows last week, a joint grant project offering funds for newly minted Russian startups. Applications can be made online for qualifying startup projects to receive grants as large as $25,000. The …
DST’s Yuri Milner and Vkontakte’s Pavel Durov team up to support Russian startups Read More
A surprisingly explicit retweet sent from Russian President Dmitri Medvedev’s Twitter account yesterday has ignited both the twitterverse and blogosphere with speculation about the behind the scenes mechanisms of the Presidential social media presence. The message, which ran, “If someone uses the expression ‘the party of rogues and thieves’ in his blog, he is a …
Medvedev Twitter account caught in Moscow political turmoil Read More
Media3, a major media publishing, commercial printing and distribution group, announced on Monday its acquisition of Delovoy Mir, Russia’s fifth largest publisher of online classifieds. The amount of the transaction was not disclosed, but Delovoy Mir Online Brand Manager Marina Zeitina told East-West Digital News that Media3 obtained a 90% stake, leaving the remaining 10% …
Media3 asserts itself as major online media publisher Read More
Ozon.ru, a leading Russian online retailer, launched a new social commerce application on Facebook yesterday, making its entire catalog available through the social networking site, along with a number of integrative social and viral features. Users can let the app post status messages, notes, photos, and videos on their behalf or opt to keep their …
Mail.ru Group and Nokia announced yesterday the launch of a special version of Nokia’s web browser for Nokia Series 40 mobile phones. These mid-tier feature phones, which inlude the Nokia 2700, X2-00, 5130, C3-00, 6700, 6303 and 21 other models, enjoy strong popularity in Russia, notes Telecom Daily, a Russian online publication covering telecom and …
Nokia integrates Mail.ru services in dedicated mobile web browser Read More
