Yandex looks to raise up to $1.1 billion offering 52 million shares between $24 to $25 a share, up from an initially considered price of $20 to $22, commanding a market value around $7 billion. Yandex will list on the NASDAQ under the symbol YNDX starting from May 23, 2011. In light of this IPO, East-West …
In a bulky 140-page report, the Russian Ministry of Communications and Mass Media highlights an 8.4% total year-to-year growth of the ICT sector, particularly 14% in the IT field. According to the report, the overall volume of the ICT sector in Russia totaled 1.9 trillion rubles ($68.6 billion) in 2010. Of the total ICT market, …
Russian ICT market totaled $68.6 billion in 2010 (government report) Read More
Internet access fees in Russia’s regions have fallen by 30-60% in one year, according to a study by Yandex, the leading Russian search engine. The lowest prices are in the Urals Federal District, while the most expensive network access remains in the Far East. Despite falling prices, Internet penetration rates in the regions are still …
Broadband Internet accessibility increases across Russia Read More
Ogoniok, a Russian weekly owned by Kommersant, reported plans to create an international Russian-language TV channel. The project will be managed by Valery Komissarov, a former member of the Russian Duma, who claims to have a background in entertainment television and who announced to the press last month that investors had been found for the project.
Russia ranks 77th of the 138 countries listed in the latest Networked Readiness Index compiled by the World Economic Forum, up three positions from 80th in the index’s 2009 edition. The index is a component of the Global Information Technology Report published annually by the Forum.
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.
Ozon.Travel, a specialized arm of leading Russian e-commerce player Ozon.ru, announced last Monday a twentyfold increase of its annual gross booking sales, from 44 million rubles in 2009, the year of launch, to 898 million rubles in 2010 ($1.47 million and $29.9 million, respectively).
The reports covers: Main market trends Shoppers Merchants Emerging models Payment issues
The М2М activities of Russia’s three leading mobile operators are developing quickly. At MTS, one of the three operators, M2M-related revenues could grow almost sevenfold in 2011, compared with the previous year, generating 1.7% of the company’s overall revenues, estimates an unnamed internal source. According to this source, that percentage could exceed 3% in 2013.
Notebooks and tablet PCs have become more popular than desktop PCs over the past two or three years, Samsung representative Sergei Ilyushin told Kommersant, a Russian business daily. According to him, tablet computers, which entered the mass market only last year, could displace netbooks as early as 2011.
According to the Public Opinion Foundation (FOM), a leading Russian poll institute, 40% of Russian citizens (46.2 million) hold one or more bank cards, but only 5% of them use their cards for online payments. Among active cardholders the number rises to 18%.
Mobile phone retailer Svyaznoy announced the imminent opening of a department dedicated to Android-supported devices in one of its Moscow outlets. Such departments may appear in other Svyaznoy stores in Moscow and Russian regions as well.
