Mail.ru Group in talks to take full control of Vkontakte
Mail.ru Group is in discussions with other owners of Vkontakte.ru with a view to take full control of this leading social network, said Dmitry Grishin, the group’s general manager.
M&A
Regional operator Norilsk Telecom for sale
Norilsk Telecom (NT), one of the largest fixed-line and broadband operators in the Krasnoyarsk region, is up for sale again. The company’s only shareholder, investment bank KIT Finance, hopes to sell the asset before the year’s end. A few potential buyers have emerged.
Comstar merges into MTS and cancels GDR Listing
Moscow, Russia – “COMSTAR – United TeleSystems” JSC (“Comstar”) (LSE: CMST), the largest integrated telecommunications provider in Moscow and 84 Russian cities, with a presence in Ukraine and Armenia, today announces that, following the announcement on 24 December 2010 that Comstar shareholders had approved the merger of Comstar into Mobile TeleSystems OJSC (“MTS”) pursuant to which …
Sports.ru to be acquired by Ukrainian holding
Ukrainian fund United Media Holding (UMH), owner of a variety of media companies in Ukraine, Russia, Kazakhstan and Belarus, is in the process of acquiring a controlling stake in Sports.ru, reports RBC Daily, a Russian business daily, from unnamed sources.
Softline invests in social commerce
Softline Venture Partners, a fund owned by Softline, a leader on the Russian software licensing market, has invested an additional $500,000 in Emegamall to take a controlling stake in the company. The transaction was based on a valuation of $2 million, reports Oborot.ru, a specialized online resource.
Telenor seeks injunction to derail VimpelCom acquisition
Telenor, seeking an order that would require VimpelCom to issue extra shares in its favor at the same time that it issues shares for Wind, announced yesterday it had petitioned the Commercial Court in London for an injunction that would see those shares placed in escrow until the conclusion of the arbitration proceeding that it …
Telenor seeks injunction to derail VimpelCom acquisition Read More
ANN and VimpelCom finally purchase Euroset
The ANN investment company and VimpelCom announced their purchase of the Euroset group, one of the largest commercial cell phone networks in Russia.
Russian mobile operators battle for South Korean-owned regional operator
MTS, Vimpelcom, Megafon and Tele2, the four leading mobile operators in Russia, have all made bids for KT Corp’s 80 percent stake in New Telephone Company (NTC), a major mobile, fixed and IP telephony and Internet operator based in Vladivostok, reports Vedomosti, a Russian business daily.
VimpelCom buys Yaroslavl’s SeverTransCom for $12 million
National telecom operator VimpelCom, working under Beeline brand, has announced a purchase of 100% shares in Yaroslavl telecom SeverTransCom, working under LANK Telecom brand.
Norway’s Telenor and Russia’s VimpelCom in dispute over deal with Italy’s Wind
Telenor, a Norwegian company with mobile operations in countries across Europe and Asia, yesterday commenced arbitration proceedings against VimpelCom, a leading Russian mobile operater in which Telenor owns a 40% stake, and Altimo, a VimpelCom shareholder. Altimo is an invesment company representing Alfa Group, one of Russia’s largest privately owned financial-industrial conglomerates.
Japanese corporation buys stake in Russian Qiwi payment system; US expansion considered
Japanese holding company Mitsui & Co. has bought a 15% share in Qiwi, Russia’s leading operator of offline electronic payment terminals. Existing shareholders Mail.ru Group, the operations branch of DST investment, and Qiwi management both sold shares to complete the deal and now hold 21.4% and 63.7% respectively. No official information on the value of …
Japanese corporation buys stake in Russian Qiwi payment system; US expansion considered Read More
VimpelCom buys Belgorod Digital Mains for $14.7 million
VimpelCom, a leading Russian mobile operator working under Beeline brand, has announced a purchase of 100% shares of Belgorod region telecom Belgorodskiye Tsifrovye Magistrali (Belgorod Digital Mains) for $14.7 million. Belgorod Digital Mains provide telephone and broadband Internet services under Magistrali Telecom and Belnet brands.
