Online video site receives financing from leading Russian investors
WebMediaGroup has sold a 30% stake in its online media projects to Russian venture fund Leader Innovations and Gazprombank, the company announced last week.
Finance
Skolkovo, Rusnano, and Russian Venture Company open office in Silicon Valley
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.
Analysts forecast strong growth for Euroset
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 …
First-ever IPO among Russian online retailers is planned
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
Svyaznoy considers IPO in 2012
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.
Rostelecom may postpone SPO on LSE
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.
VimpelCom last in the running for NTC acquisition
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 to go public on LSE this year
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.
Mobile retailer Euroset increased net profit fivefold in 2010; may go public in 2011
The EBITDA of Euroset, Russia’s leading mobile retailer, reached 8.37 billion rubles (approx. $279 million) in 2010, up 88% from 2009. During the same period, the company’s net profit grew almost fivefold (+385%), to 5.58 billion rubles, while its revenues increased by just 12.2%, reaching 61.91 billion rubles (approx. $2 billion).
VimpelCom shareholders approve combination with Wind Telecom
Amsterdam and New York – VimpelCom Ltd. announced today that the Company’s shareholders approved all of the items on the agenda at today’s Special General Meeting, paving the way to complete the combination of VimpelCom and Wind Telecom S.p.A.
Ozon.Travel’s sales increase twentyfold on a booming market
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).
First Line Software reports strong 2010 results, expect further growth in 2011
New York and St. Petersburg — First Line Software, a premiere provider of custom software development services to industry leaders and growth companies around the world, announced today its impressive growth figures for 2010.
