Luxembourg based fund Mangrove Capital Partners and Russian fund ABRT sold their stake in Russian search engine Quintura earlier this month, letting its founders Yakov Sadchikov, Alexaner Yershov and Rustam Gafurov take back full control of the company.
VimpelCom, one of Russia’s leading mobile operators, announced this week in ComNews.ru, a specialized Russian telecom media resource, that it had 9,000 base stations in its 3G network as of late 2010, with 3,000 of them deployed in Q4 2010. But the heavy investments required by 3G deployment partly explains VimpelCom’s negative free cash flow …
VimpelCom 3G network still in search of a business model Read More
Russian venture investor Ru-Net II has invested an undisclosed amount in Biglion, one of the numerous Russian Groupon copycats, reported blogger Yakov Sadchikov last week.
Neocorp Inc., a holder of telecom assets in CIS countries, filed suit against Swedish Tele2 last week in the arbitration court of the Stockholm Chamber of Commerce. Neocorp is demanding Tele2 to satisfy contract obligations for the acquisition of Orvell, a company valued at $38 million, which owns 100% of Construction and Installation Mobile Administration …
Neocorp files suit against Tele2 in Swedish arbitration court Read More
Russian president Dmitry Medvedev has been reported as lamenting the fact that while Google and Yandex are vast archives for storing everyday user-generated “art,” the organization of this information is a “complete mess” and needs to be channeled to a more civilized place.” “We have devoted a lot of time to debate about whether Russia …
President Medvedev pushes national search engine project Read More
Sweden based Tele2 Russia Holding AB has announced that its subsidiary St. Petersburg Telecom will issue 7 decade bonds totaling 30 billion rubles, or $1.06 billion at the current exchange, reports Interfax.
Prime Minister Vladimir Putin has entrusted the Ministry of Communications and Mass Media with the task of integrating the databases of all departments and ministries before to July 1, 2011. “We’re talking about a single portal for all public services, information and service sites, integrated communications channels, departmental and regional data banks,” said Mr Putin. …
Putin requests consolidation of administrative databases Read More
Ambiq Tech St. Petersburg, the Russian branch of American company Ambiq Technologies, yesterday unveiled a mobile phone add-on for Russian customers. Based on Near Field Communication technology, a short-range wireless connectivity standard, the insert allows customers to use their phone as a discount card or a payment instrument linked to their bank account.
Nigma.ru, a little known but innovative Russian search engine, could make a Vietnamese version of its service available as soon as April 1 under the domain name Itim.vn, meaning “I seek” in Vietnamese.
Skolkovo, the state-sponsored innovation hub under construction near Moscow, and Microsoft Russia established last week a “strategic partnership” for educational projects.
WebMediaGroup has sold a 30% stake in its online media projects to Russian venture fund Leader Innovations and Gazprombank, the company announced last week.
Skolkovo, the state-sponsored innovation hub under construction near Moscow, last week opened its American beachhead in Silicon Valley together with Rusnano, a state-owned corporation, and Russian Venture Company (RVC), the state-owned fund of funds dedicated to innovation.
