According to analysts at Alfa-Bank, Euroset’s are set to grow, on average, by 26.1% annually until 2015, reaching an estimated 197.4 billion rubles (approximately $7 billion). EBITDA should hit 21.9 billion rubles ($776 million) by 2015, and net profit should rise to 15.02 billion rubles ($532 million). Euroset, Russia’s leading mobile retailer, announced last week …
One of the largest Russian online retailers, Utinet.ru, has begun to prepare for an IPO on the MICEX stock exchange, reported ComNews.ru, a site covering telecoms and IT issues. The operation is scheduled for the first half of this year. Utinet.ru is valued at an estimated $100 million to $120 million and intends to sell …
First-ever IPO among Russian online retailers is planned Read More
Navigation Information Systems (NIS), Russia’s provider of national navigation services, signed an agreement last week with Russia’s Ministry of Economic Development aimed at finding foreign partners to develop GLONASS-supported services.
Rostelecom, the national telecommunications operator, was appointed last Monday by the Russian government to implement important parts of the federal program Information Society 2011–2020, including the “creation of a national platform for distributed data treatment in which computing resources are provided to users as Internet services” – or cloud computing in simpler terms.
Svyaznoy, Russia’s second leading mobile retailer, may go public in Q2 2012, according to Denis Lyudkovsky, the company’s general manager. The announcement was made at a press conference yesterday. The final decision will depend, among other factors, on the success of the impending IPO of Euroset, the market leader.
Russian business daily RBC Daily reported yesterday, quoting unnamed sources, that Rostelecom could postpone a secondary public offering (SPO) on the London Stock Exchange initially planned for April or May.
FAS, the Russian anti-monopoly authority, rejected the bids of MTS and MegaFon, two leading Russian mobile operators, to acquire New Telephone Company (NTC), a major mobile, fixed and IP telephony and internet operator based in Vladivostok. As a consequence, VimpelCom, another leading Russian operator, is the only bidder left in the running.
Euroset, Russia’s leading mobile and media device retailer, announced yesterday it would proceed with an IPO on the London Stock Exchange. The offering could raise more than $1 billion, putting the desired valuation of the chain at $4 billion, reports Reuters from unnamed sources.
The Ministry of Justice denied registration to the Pirate Party of Russia because the word “piracy,” in accordance with applicable law, is defined as an attack against ships at sea or on rivers and represents a criminal offense.
Russian telecommunication regulator Roskomnadzor has announced an open tender for the development and delivery of a software and hardware system that monitors electronic publications of online media.
M.Video, a leading Russian specialized retailer, will soon make electronic products and home appliances available for purchase on Facebook and Vkontakte.ru, Russia’s leading social network.
Omlet.ru, a leading Russian online catalog for video, music and game content, will add content from Universal Pictures, Warner Brothers Entertainment and Sony Pictures Entertainment, reports RBC Daily. Omlet.ru’s range of content is expected to increase by several hundred titles, including some films through exclusive distribution agreements.
