Mobile & Telecom

Russia’s Bright Capital takes part in yuilop’s €4.5 million Series A round

May 23, 2012

yuilop, a Barcelone, Spain headquartered startup, announced yesterday that it has closed a €4.5 million Series A round led by Hamburg-based Shortcut, and co-investors, Russia’s Bright Capital and private telecom investor Bruno Ducharme, as well as continued participation of existing investor Nauta Capital. The funds will be used to drive yuilop’s aggressive international expansion and continuous …

Russia’s Bright Capital takes part in yuilop’s €4.5 million Series A round Read More

Satellite phone operators Iridium and Thuraya come back to Russia

May 17, 2012

Iridium Communications, the global satellite communications company, expects to commence operations soon in Russia, after technical tests are completed and acceptance certificate received from the Russian authorities. “Our interconnect in Russia is built and 95 percent complete, and we’ll soon be pleased to announce our new start in Russia,” Corporate Communications Director Liz DeCastro told East-West …

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Government-sponsored cloud platform offers software, infrastructure and development solutions

May 16, 2012

Rostelecom, the state-owned telecom operator, has completed phase one of “Project 07,” the national cloud computing platform to be fully put together by 2015 as part of the federal Information Society program. The platform, launched in beta version in March under the o7.com domain name, offers cloud-based software, infrastructure and development platform services (SaaS, IaaS …

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Qualcomm could invest “hundreds of millions of dollars” in Russian tech companies

May 15, 2012

Qualcomm, a leading US-based international provider of wireless technology and services – with a particular emphasis on chipsets for smartphones – is ready to invest “hundreds of millions of dollars” in Russian tech companies, Senior VP Anastassia Lauterbach told the Russian business daily Kommersant. According to its strategic plan adopted in late 2011, Qualcomm will …

Qualcomm could invest “hundreds of millions of dollars” in Russian tech companies Read More

Mobile penetration rate over 150% in Russia, market close to saturation

May 8, 2012

For the first time ever, all three major Russian mobile operators lost subscribers in early 2012, according to a report from AC&M Consulting, a Russian management consulting and research agency specializing in telecommunications and media. Vimpelcom, MTS and Megafon saw their active subscriber bases – defined on a six- or three-month basis – shrink by …

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Megafon and Yota consider merger

May 3, 2012

Last week, the Russian business daily Vedomosti reported that the Federal Antimonopoly Service (FAS) received a joint request from mobile operator Megafon and WiMAx operator Scartel, which operates under the Yota brand, to authorize a merger. Head of FAS Igor Artemyev stated that the merger could be authorized under the condition that Scartel makes its LTE …

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Report: M&A in the Russian communications and media sector in 2011 and early 2012

April 30, 2012

2011 was a rather disappointing year for M&A both globally and in Russia. Compared to the 6% decline in the value of global M&A deals, Russia’s M&A market experienced an even stronger reduction in value, by almost 28%. This is a sign of its continuing higher volatility, but also the result of fewer mega deals …

Report: M&A in the Russian communications and media sector in 2011 and early 2012 Read More

VimpelCom calls off 3-year Vietnam safari

April 30, 2012

Vimpelcom, a leading Russian mobile operator with a broad international presence, announced last week that it would sell its 49% stake in Vietnam’s GTel Mobile, a JV it had set up in mid-2009 with local Global Telecommunications Corporation. Under the terms of the $45 million deal, the Russian telco is relinquishing operational control of GTel …

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Federal Antimonopoly Service initiates proceedings relating to SMS spam

April 30, 2012

The Federal Antimonopoly Service of the Russian Federation for the City of Moscow has initiated proceedings against the furniture company Shatura for distributing advertisements via SMS without users’ consent (SMS spam). During the check, the Antimonopoly Service established that Shatura had violated the article of the Federal Law on Advertising which forbids the distribution of …

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Russian Post and Rostelecom judged “anti-brands of the year”

April 27, 2012

The Russian Post was among the ten companies awarded the title of “Anti-Brand of the year” by Potrebiteli.ru, a non governmental consumer rights initiative,  for the second time in two years. “Judging from the endless flow of complaints, the Post’s work does not leave some things to be desired; it just leaves anything positive to …

Russian Post and Rostelecom judged “anti-brands of the year” Read More

Megafon ownership shaken up, IPO planned for H2 2012

April 23, 2012

Megafon, Russia’s second largest mobile operator, has borrowed $4.5 billion with the intention of buying back investor Mikhail Fridman’s 25.1% stake, Reuters reported last week. If successful, the purchase will bring MegaFon closer to a $4 billion IPO on the London Stock Exchange. Megafon borrowed $1.5 billion from Sberbank, the Russian national savings bank, $1 …

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