The Skolkovo Foundation confirmed last Friday a broad cooperation agreement with Nokia Siemens Networks, a leading global enabler of telecommunication services. Among other items, the deal included provisions for a Smart Lab on the premises of the innovation hub under construction near Moscow.
New Federal legislation on payment systems was adopted by the Russian Duma on June 14 and signed into law by President Medvedev on June 27. The new law establishes the legal and organizational foundation for the country’s payment system and regulates the procedure for rendering payment services. The law recognizes four types of players who …
The Russian Federal Space Agency Roscosmos plans to launch 18 satellites for US space communication provider Globalstar from the Baikonur spaceport by the end of 2011, the Interfax news agency reported this week citing a source in the Russian aerospace industry. According to the source, there will be a total three launches with payloads of …
Russia to launch 18 Globalstar satellites by end of 2011 Read More
Russian nanotechnology giant Rusnano and French MRAM chip maker Crocus Technology have selected Kaliningrad based satellite TV system maker General Satellite as their partner in their multimillion dollar joint project to transfer the manufacturing capacities of Crocus Technology to Russia.
Russian state owned fund of funds Russian Venture Company (RVC) has participated indirectly in a $32 million round of financing for London based Shazam Entertainment, the developer of a popular application for mobile devices.
VimpelCom, a mobile operator initially focused on Russia but which has grown into an important international telecom group, is considering a new acquisition in Italy, a source in the Italian government told Russian business daily Vedomosti. Through its merger last April with Italian mobile operator Wind Telecom, VimpelCom already controls 23% of the Italian market. …
Palo Alto based Garage Technology Ventures is partnering with Moscow based incubator Digital October to invest in Russian high tech startups with international potential. The news was reported yesterday by Russian business daily Vedomosti based on exchanges with Digital October General manager Dmitry Repin and Garage Technology Managing Director Bill Reichert.
Leading Russian microelectronic device maker Sitronics and Chinese firm ZTE signed a memorandum announcing their planned joint venture at the St. Petersburg International Economic Forum last week The document was signed by Vladimir Evtushenkov, a major owner of Sitronics mother company Sistema, and ZTE President president Shi Lirong in the presence of Russian President Dmitry …
Sitronics-ZTE unveil $2 billion joint venture plans Read More
IBM has opened Telecom Solutions Lab in Moscow, its first solutions center for telecommunications companies in Central and Eastern Europe, the firm reported last week at a news conference. The new research and development facility will allow IBM and its partners to develop, test and deploy software services demanded by client telecom companies. The lab …
Through its PepsiCo10 program, multinational beverage and snack maker PepsiCo will offer £10,000, approximately $16,000, along with consulting services from leading specialists in the company and its partners to ten digital technology startups in 2011. Launched in the US in 2010, the PepsiCo10 angel investment program has been extended this year to cover Europe and …
PepsiCo extends angel investment program to Russian tech startups Read More
Bloomberg reported yesterday that, according to “people with knowledge of the talks,” Vkontakte is “in early discussions with investment banks about a potential initial public offering in New York as early as next year.” Vkontakte.ru — ‘In contact’ in Russian — was designed as a Facebook clone when it was launched in 2006, but important …
Vkontakte preparing for IPO next year in New York? Read More
Cyberplat announced yesterday that Visa cardholders in Russia can now replenish their bank accounts using Cyberplat’s cash payment terminals and ATMs. Cyberplat, a competitor of Qiwi, has the second largest payment teminal network in Russia and some of the other former Soviet republics, with over 480,000 machines. In order to replenish their account, users just …
Cyberplat partners with Visa to replenish bank accounts with cash Read More
