MTS, a leading Russian mobile operator and retailer, launched initial retail sales of its Glonass 945 smartphone last Friday in a bid to offer the world’s first smartphone with a GLONASS+GPS supported satellite location system.
Russia will create a $10 billion sovereign fund to support foreign investment contributing to the modernization of the economy, confirmed Russian president Dmitry Medvedev during a government meeting in Magnitogorsk, Siberia. The fund will be set-up “by mid-summer,” the president announced.
The Financial Times reported earlier this week from unnamed sources that DST Global, Russia’s leading Internet investment fund, took part in the third round of financing for Chinese e-commerce giant 360buy.com.
Luxembourg based fund Mangrove Capital Partners and Russian fund ABRT sold their stake in Russian search engine Quintura earlier this month, letting its founders Yakov Sadchikov, Alexaner Yershov and Rustam Gafurov take back full control of the company.
Neocorp Inc., a holder of telecom assets in CIS countries, filed suit against Swedish Tele2 last week in the arbitration court of the Stockholm Chamber of Commerce. Neocorp is demanding Tele2 to satisfy contract obligations for the acquisition of Orvell, a company valued at $38 million, which owns 100% of Construction and Installation Mobile Administration …
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Sweden based Tele2 Russia Holding AB has announced that its subsidiary St. Petersburg Telecom will issue 7 decade bonds totaling 30 billion rubles, or $1.06 billion at the current exchange, reports Interfax.
Ambiq Tech St. Petersburg, the Russian branch of American company Ambiq Technologies, yesterday unveiled a mobile phone add-on for Russian customers. Based on Near Field Communication technology, a short-range wireless connectivity standard, the insert allows customers to use their phone as a discount card or a payment instrument linked to their bank account.
Nigma.ru, a little known but innovative Russian search engine, could make a Vietnamese version of its service available as soon as April 1 under the domain name Itim.vn, meaning “I seek” in Vietnamese.
Skolkovo, the state-sponsored innovation hub under construction near Moscow, and Microsoft Russia established last week a “strategic partnership” for educational projects.
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.
Navigation Information Systems (NIS), Russia’s provider of national navigation services, signed an agreement last week with Russia’s Ministry of Economic Development aimed at finding foreign partners to develop GLONASS-supported services.
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.
