Oktogo.ru, a Russian online hotel reservation company with its headquarters in St. Petersburg, is closing a $5 million round of financing with Western funds Ventech and Mangrove Capital Partners and Russian fund ABRT. The two Western funds confirmed the transaction to EWDN but did not disclose the startup’s valuation.
Swedish investment company Vostok Nafta Investment called Avito.ru, its online-classified-ads affiliate company in Russia, the “real romance” of its portfolio in 2011. Vostok Nafta, which owns 25.8% of Avito, claims in its annual report that the site established itself as “the number one online classifieds operator in Russia” following the “explosion” of its traffic since …
Swedish investor has “real romance” with Russian classifieds site Read More
Leading Russian satellite television provider NTV+ announced their launch of 3D content production at the “Digital TV and Mass Communication in Russia” conference held in Moscow on March 30-31. The announcement was reported on ComNews.ru, a Russian site covering telecom and IT markets.
With revenues exceeding 81 billion rubles (approximately $2.87 billion) in 2010, National Computer Corporation (NCC) confirmed its status as the biggest player on the Russian IT market, reports CNews.ru, an online news portal specialized in IT.
Russia’s online footwear market, which only a year ago almost resembled a desert, is witnessing rapid transformation following the initiatives of a number of major players. This market was recently estimated to have a potential of at least €100 – 150 million.
MTS, a leading Russian mobile operator, has acquired full ownership of Inteleca, an alternative operator providing broadband Internet and cable TV services in Barnaul and Biysk in the Altai region. The sale of the company came to $19.2 million, according to MTS.
VimpelCom CEO Alexander Izosimov announced last we Best Way To Get Ex Boyfriend Back ek that operations in Vietnam would resume in the forthcoming months. VimpelCom, a leading Russian mobile operator, agreed in 2008 to create a joint venture with Vietnamese state corporation Global Telecommunications Corporation (GTel) and its subsidiary GTel TSC.
MTS, a leading Russian mobile operator and retailer, launched initial retail sales of its Glonass 945 smartphone last Friday in a bid to offer the world’s first smartphone with a GLONASS+GPS supported satellite location system.
Moscow cable operator Mostelecom, a subsidiary of National Telecommunications (NTC), is progressively transferring its subscribers from analog to digital TV, as reported recently by TeleSputnik.ru.
Russia will create a $10 billion sovereign fund to support foreign investment contributing to the modernization of the economy, confirmed Russian president Dmitry Medvedev during a government meeting in Magnitogorsk, Siberia. The fund will be set-up “by mid-summer,” the president announced.
The Russian anti-monopoly authority (FAS) demanded earlier this week that telecommunications regulator Roskomnadzor cancel its recent decision to change tender conditions for the allocation of GSM frequencies in 16 regions.
The Financial Times reported earlier this week from unnamed sources that DST Global, Russia’s leading Internet investment fund, took part in the third round of financing for Chinese e-commerce giant 360buy.com.
