Mobile & Telecom

California’s Sequent raises $12 million from Russian and US funds for mobile wallet tech

July 11, 2013

In a new illustration of the internationalization of Russia’s venture capital, SBT Venture Capital, the venture arm of the national savings bank Sberbank, has led a $12 million round to fund Sequent Software, a California-based provider of trusted service manager (TSM) and mobile commerce software and services. Sequent’s existing US investors Opus Capital and Jado …

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ERA-GLONASS to cover Russia by December 2013

July 11, 2013

The nationwide deployment of ERA-GLONASS, a real-time satellite-based service for reporting and responding to traffic accidents, is entering the home stretch. By August 2013, 62 more Russian regions will be connected to the system’s infrastructure, Digit.ru reported earlier this week. As a result of a tender, GLONASS, a non-profit partnership which carries out the task …

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Nokia Siemens Networks yields stake in LTE equipment manufacturer to Rusnano

November 11, 2020

Rusnano, a state-owned investment corporation focused on developing the Russian nanotechnology industry, has bought a 25% stake in the vendor of LTE equipment Wireless Technology Center (WTC) from Nokia Siemens Networks (NSN), the news agency Prime reported last week. Rusnano paid 330 million rubles (approximately $10 million) in the transaction which valued the joint venture …

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Family cloud platform Frolik nears completion after $1.5 million investment

July 4, 2013

MTT, a Russian telecom group owned by VTB and former telecommunication minister Leonid Reiman, has announced that it has invested 50 million rubles (about $1.5 million) in Frolik, a service for children and their parents, since project start in September 2012. “As for future investments, we will continue funding the project,  but we are open …

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Ericsson builds LTE network for major Russian mobile operators

July 1, 2013

The Swedish telecom manufacturer Ericsson will be hired by Russian mobile operator MTS to ship the necessary equipment and build an LTE network in the Volga, Ural, Siberian, and Southern federal districts, MTS announced in late June. Together, these four districts account for more than half of the country’s territory. While MTS has not disclosed the …

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Moscow startup FoodRock Menus launches SaaS platform for restaurant industry

June 27, 2013

FoodRock Menus, a B2B2C startup founded in Moscow by a British expat with a Russian partner, has just launched its first products, testing the waters of the SaaS market for Russia’s restaurant industry. Offered under a freemium model, the company’s “Live Menus” software enables restaurants to manage their online menus from a single place and …

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Report: Android dominates Russian smartphone market with 70.9% share

June 25, 2013

The share of Android operating system in official smartphone shipments to Russia now exceeds 70%, almost doubling in just one year, according to research presented by Hi-Tech Mail.Ru and IDC. Android´s closest rival, Linux, has a share about 7 times smaller. The market research data confirms the results of a customer survey conducted during the …

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VimpelCom and Ericsson bring LTE to Moscow

June 24, 2013

In cooperation with Ericsson (NASDAQ:ERIC), VimpelCom – one of the world’s largest integrated telecommunications services operators – has launched LTE services in Moscow. VimpelCom LTE FDD services are now accessible within the central Sadovoye Ring area of the city, and are expected to be available throughout the Russian capital by the end of 2013.

St. Petersburg startup secures $1.2 million in US-Russian funding to push e-ticketing

November 19, 2014

Earlier this month, Radario.ru, a St. Petersburg-based e-ticketing service for music and entertainment events, closed a $1.2 million investment deal with undisclosed investors in its second round of funding, bringing its total investment since inception to $1.4 million. Daria Semenova, a spokesperson for Radario, explained to East-West Digital News that the startup’s post-investment valuation is …

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VimpelCom makes new move on Russia’s NFC ‘chessboard’

November 19, 2014

VimpelCom, a leading Russian mobile operator, has announced the next step in its endeavor to combine the mobile phone and the e-wallet. In an attempt to catch up with MTS and MegaFon, the other mobile players who comprise Russia’s “Big Three,” VimpelCom has pooled efforts with Alfa-Bank and MasterCard to  test a Near Field Communication (NFC) …

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Mobile operator MTS launches online SaaS marketplace

June 14, 2013

MTS, one of Russia’s leading mobile operators, has announced that it has launched a Software-as-a-Service (SaaS) marketplace in partnership with NEC Corporation and started to sell the cloud office solution Microsoft Office 365 to its customers. In the SaaS marketplace “Legkiy ofis” (Russian for “Easy Office”) customers can access applications for business that are popular …

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