Mobile & Telecom

Potential Rostelecom privatization remains blurry, analysts speculate on merger with MegaFon or MTS

July 4, 2011

Rostelecom shares jumped 17% in June amid statements from senior Russian officials that the Russian national telecommunications operator might be at least partially privatized. The Russian Federal Government owns a controlling stake in Rostelecom, 53.23%, through the auspices of state owned telecom holding Svyazinvest and investment corporation Vnesheconombank. Rostelecom recently completed a large reorganization and …

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Tele2 Russia accused of violating GSM licensing conditions

July 1, 2011

Tele2 Russia, a subsidiary of Stockholm based European telecom group, received a warning earlier this week from Russian telecom regulator Roskomnadzor that its licenses may be recalled should the company or its local subsidiaries continue serving regions where they have no licences, reported Russian business daily Kommersant.

$11 billion to be poured in Moscow e-city development program

June 30, 2011

The Moscow city government has signaled its preliminary approval for a five year city informatization program on Tuesday. The draft proposal of the program concludes that the whole initiative would cost 329.5 billion rubles, about $11 billion –a quarter of the city’s annual budget – and would be rolled out from 2012-2016. Following a series of public …

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VimpelCom considering new acquisition in Italy

June 29, 2011

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. …

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Sitronics-ZTE unveil $2 billion joint venture plans

June 27, 2011

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 …

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PepsiCo extends angel investment program to Russian tech startups

June 27, 2011

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 …

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VimpelCom positions itself on fast growing electronic payment market

June 24, 2011

VimpelCom, a major Russian mobile operator working under the Beeline brand, announced this week the creation of a new payment system named Ruru. The Ruru payment system, now accessible via the euphoniously named website Ruru.ru and on mobile devices using an Android application, allows users to pay for mobile phone or Internet accounts, train tickets …

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WiMax tenders announced as doubts appear on market perspectives

June 21, 2011

The Federal Service for Supervision in the Sphere of Telecom, Information Technologies and Mass Communications (Roskomnadzor) has announced on its website last week that it will conduct three tenders for licenses to provide fixed WiMAX services in the 3.4-3.45GHz and 3.5-3.55GHz frequency bands in 30 Russian regions.

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