Megafon, a major Russian mobile operator, is considering purchasing St. Petersburg Internet provider Web Plus, Russian business daily Kommersant reports. The deal price has yet to be disclosed, but, according to experts, the price will be “symbolic”, since Web Plus is a loss-making firm with $4 million debt, the newspaper said. The seller is Telecominvest.
National telecom operator Rostelecom is considering building a $110 million submarine communication line between St. Petersburg and Kaliningrad region, reports ComNews.ru, a site specializing in the Russian telecom and IT markets. The company might carry out the project with partner investors or on its own, ComNews.ru says.
PayPal, the leading international online payment company, has according to unnamed sources taken “the strategic decision” to enter the Russian market, reported RBC Daily. The business daily also reported—and PayPal confirmed to EWDN—that PayPal is holding discussions with MTS, VimpelCom and MegaFon, Russia’s leading mobile operators.
MTS, a leading Russian mobile operator and retailer, announced last Friday the launch of co-branded MasterCard credit cards under the name of MTS Dengi (“MTS Money” in Russian). The cards are being issued by the Moscow Bank for Reconstruction and Development (MBRD).
Russia’s leading mobile retailer Euroset, whose IPO on the LSE was scheduled for this week, decided today to postpone the operation. “Despite increased interest from the investment community in Euroset, we decided to postpone the IPO due to volatile market conditions,” said President Alexander Malis, adding however that the company still expects to realize its strategic …
Amsterdam and New York – VimpelCom Ltd. and WIND Telecom S.p.A., leading international providers of telecommunications services, are pleased to announce the closing of the transaction that combines the two entities to create a new global telecom group.
Have you been watching the rise in media that is increasingly comparing GPS to GLONASS to BEIDOU and others? In some cases the comparisons seek to outright claim one is ‘better’ than another. In others, the comparison is framed as a ‘challenge’ , and yet others see Europe’s GALILEO as having a major influence currently (which is …
Is the real issue about comparing GPS to GLONASS to BEIDOU? Read More
Tele2 Russia emerged as the main winner in four regional tenders for GSM 1800 licenses in the Russian Far East. It has received from telecommunications regulator Roskomnadzor the right to operate in the Kamchatka, Sakhalin, Koryak, and Chukotka regions and will now operate in 41 Russian regions out of 83.
The consortium appointed several months ago by Russian authorities to investigate the conditions of LTE deployment was finally formed this past Monday, reports Russian business daily Vedomosti.
Sweden’s Swepos became the first foreign company to use Russia’s GLONASS positioning technology, due to Swepos’ conviction that it is better than GPS at northern latitudes, reported Reuters.
Russia’s national telecommunications operator Rostelecom intends to develop 4G network in the Republic of Chuvashia, Kommersant reports. Investment in the project has yet to be disclosed but is estimated by experts at $40-$50 million. The network construction is scheduled to start this year.
Tele2 board member Mia Brunell Livfors met with Russian Communications and Mass Media Minister Igor Shchegolev during a Russo-Swedish meeting on bilateral commercial relations held in Stockholm in late March, reported Vedomosti, a Russian business daily.
