The ICT Group – one of Russia’s largest privately owned investment and industrial companies – announced last Monday its new status as the largest shareholder in Italian Wi-Max operator ARIA S.p.A., with a 28.6% stake.
TMT Investment announced last week it will invest $1 million in a 20% stake in Berryman Capital Group (BCG), a developer of online games for social networks. TMT Investment is an international investment company based in Jersey and run by Russian businessmen focused on technology and media investment. The deal, which includes other conditions for BCG …
NASDAQ-listed Russian search engine giant Yandex announced last Friday it fully acquired The Tweeted Times, a website offering social news services, for an undisclosed amount. Yandex aims to use the technologies developed by The Tweeted Times to enhance its search and content services with information from social networks.
Last week, Anatoly Chubais, Chairman of the Board of Rusnano, presented Russian PM Vladimir Putin with an e-reader prototype from Plastic Logic, a world leader in plastics electronics, reported news agency RIA Novosti. If current tests being held in some Russian schools are successful, the tablet could be used on a massive scale in the …
US tablet may be granted a second life in Russian schools Read More
Leading financial company Finam has invested $1 million in CreditCardsOnline.ru, a portal that aggregates credit card offerings from various banks and offers an online card application procedure. The news was reported yesterday by Russian business daily Kommersant, to whom an unnamed source revealed Finam had received a 25% stake in the company in exchange for …
Credit card aggregator secures $1 million in funding from leading financial company Read More
Leading Russian payment operator Qiwi is in talks with Western European mobile operators, including Orange, Vodafone and Telefonica, about launching a new, offline payment system for mobile phone bills in Europe. The Russian operator is also considering entering the US market, Russian daily RBC Daily reported yesterday.
The Russian Ministry for Economic Development adopted earlier this month its final schedule for the launch of its project for universal electronic cards for all Russians in 2012. In accordance with a Federal law adopted in July, 2010, these universal electronic cards are to be provided to all Russian citizens. The cards will be configured …
Drchrono, a Silicon Valley based startup offering an electronic health record (EHR) platform for the iPad, announced last week it has received an additional $650,000 in seed funding from prominent startup investor Yuri Milner, founder of DST Global, along with venture capital firm General Catalyst.
Starting September 1, 2011, the MSCI Russia Index will integrate the stock of Rostelecom, Russia’s national telecom operator, with a weight of 3%, Russian business daily Vedomosti reported yesterday. Rostelecom was originally included in the index until its reorganization process started in 2009.
MegaFon, a major Russian mobile operator, has confirmed its acquisition of St. Petersburg Internet provider Web Plus last June, according to the company’s quarterly results. Megafon bought the loss making firm, which owns $4 million in debt, for $2.5 million.
The Russian Venture Company (RVC) announced today an investment by S-Group Ventures, a fund it owns jointly with Sever Venture Management, in Bisant, a Moscow-based antenna manufacturer. Bisant describes its micro antenna devices as “a powerful means for the reception and transfer of radio waves in various wireless communication systems,” including mobile phones, tablets, netbooks …
Micro-sized antenna maker funded by Russian Venture Company Read More
Mobile phone retailer Svyaznoy is preparing to launch an IPTV offer by the end of the year, ComNews.ru, a Russian business news site covering telecom and IT issues, reported earlier this month. Svyaznoy intends to buy console decoders from a leading vendor and operate its over-the-top broadcasting project independently from any existing IPTV operators. Other …
Svyaznoy to launch IPTV offer by the end of the year Read More
