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, 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.
Omlet.ru, a leading Russian online catalog for video, music and game content, will add content from Universal Pictures, Warner Brothers Entertainment and Sony Pictures Entertainment, reports RBC Daily. Omlet.ru’s range of content is expected to increase by several hundred titles, including some films through exclusive distribution agreements.
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.
PingWin Software Ltd. announced on March 14 its membership in the Linux Foundation, the nonprofit consortium dedicated to Linux development. PingWin Software is the first Russian company to join the Foundation.
Explay, a leading Russian manufacturer of car navigators, announced last week its launch of a navigator that supports the two satellite-based location systems, GPS and GLONASS.
Access Industries, a US based industrial holding with international assets owned by prominent Russian-American businessman Leonard Blavatnik, has acquired a stake in Vigoda.ru (in Russian: “Advantage”), one of Russia’s numerous local deal sites.
Rusnano has signed an agreement to invest in the production of LTE base stations in the Tomsk region, with Mikran, a Tomsk-based company, and the local administration as its partners. Nokia Siemens Networks equipment will be used for production.
Tele2 Russia, a subsidiary of a European telecommunications holding based in Sweden, intends to invest over 1.25 billion rubles ($43 million) building cellular base stations in Krasnodar region, report regional officials and Tele2.
World leading classifieds platform eBay launched its Russian-language version one year ago, in March 2010, and despite problems surrounding the launch, Russian Internet users appear to like having their own version: the number of registered users increased by 73% in its first year. In addition, Russian users have proven to be the most active buyers …
One year after launch, Russian eBay offers local classifieds Read More
Wikimart.ru closed a second round of financing with US venture fund Tiger Global partners, reported Wikimart founders Maxim Faldin and Kamil Kurmakaev yesterday to Russian business daily Vedomosti.
At an international conference dedicated to ERA-GLONASS held in Moscow yesterday, Russian national navigation services provider Navigation Information Systems (NIS) signed agreements with T-Systems, a German operator of ICT systems, Zatix, a Brazilian tracking company, and Upaya, a Brazilian consultancy.
