MTS, a leading Russian mobile operator, announced today it has acquired TVT, a leading provider of cable TV and fixed broadband services in the republic of Tatarstan. The purchase price amounted to $162.9 million, in addition to $17.1 million in net debt assumed by MTS. “The acquisition allows MTS to strengthen its leadership position in …
MTS acquires pay TV and telephony service operator in Tatarstan Read More
Germany’s anti-monopoly authorities announced that Gazprom Marketing & Trading (GM&T), a subsidiary of the Russian gas giant, requested their approval to be considered for an acquisition of Envacom. A German solar and wind energy operator, Envacom also offers mobile and Internet access services to more than 500,000 customers.
Leading Russian financial company Finam says it has been approached by Western funds considering the acquisition of Finam’s web property Marketgid, the leading traffic exchange and affiliation platform in Russia. Finam values Marketgid at $100 million at least, Dmitry Smirnov, the CEO of the Finam Private Equity Fund, told East-West Digital News. According to Smirnov, …
Russian traffic exchange platform Marketgid eyed by Western funds Read More
Bidding has closed for the acquisition of Utel, the mobile wing of major fixed-line Ukrainian operator Ukrtelecom, Russian business daily Kommersant reported on Friday. The company’s market share amounts to just 2%, but it is the only Ukrainian mobile operator to hold a 3G UMTS license. The bidders are Russian operators VimpelCom and MTS, Turkcell subsidiary …
Rostelecom, Russia’s national telecommunications operator, is to acquire Qwerty, a Moscow broadband Internet provider, Russian business daily Kommersant revealed earlier this week referring to unnamed sources. Qwerty is indirectly owned by Svyazinvest, Rostelecom’s main shareholder. Its value has been estimated at 1.2 to 1.4 billion rubles, or around $40 million, by Raiffeisenbank analyst Sergey Libin, Kommersant …
Rostelecom to acquire broadband Internet provider in Moscow Read More
NIS GLONASS General Manager Alexander Gurko announced at a press conference yesterday that his company could invest as much as $100 million dollars in acquisitions of Russian and foreign companies during this year and the next. These acquisitions will help develop new satellite-based navigation services for both the domestic and Indian consumer markets.
WPP, a prominent global advertising and marketing group, has agreed to acquire – through its subsidiary Ogilvy & Mather – a majority stake in Promo Interactive, a leading Moscow-based advertising agency with a strong Internet, mobile and multimedia focus, the Russian press reported last week.
Russian national telecom operator Rostelecom has increased its stake in regional operator Orenburg GSM from 51% to 100%, news agency RIA Novosti reported last week. The remaining 49% stake was sold for $4 million by Samara based operator SMARTS.
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.
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.
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.
IBS Group, a major Russian IT consulting and outsourcing company, is ready to sell a stake of at least 20% in Softkey.ru, an online software retailer. The group acquired a 70% stake in Softkey in 2006. Not only does Softkey count among Russia’s top online software retailers, its technologies and servers are also used by …
Minority stake for sale in leading online software retailer Read More
