MTS, a leading Russian mobile operator, intends to purchase Bashkortostan’s telecom operator Ufanet, Russian business daily Kommersant reports. In the fall of 2010 Megafon wanted to buy Ufanet but in the last moment changed decision because of the price of $170-$180 million.
State-owned fund of funds Russian Venture Company (RVC) participated indirectly in a round of financing, announced last week, for Sugar Inc., a global media company for women. The investment was made through Russian Venture Capital II LP, a fully owned subsidiary of RVC that registered in the UK in June 2010. A few months later, the …
Russian state-owned fund participates in Sugar Inc. round of financing Read More
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.
Adobe Systems has won a civil suit against Sergey Mikirtumov, who has been ordered to pay the company 7,440,000 rubles (approximately $262,000) for selling and distributing pirated software. The damages award is the largest to be granted to Adobe in Russia, said Natalya Kalinina, a legal assistant for the firm that represented Adobe in the …
Adobe awarded 7.4 million rubles in copyright violation case Read More
Moscow city authorities have budgeted up to 6.26 billion rubles (approx. $222 million) this year for the creation of an intelligent transportation system that improves traffic management.
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.
The Russian office of Microsoft has officially announced the launch of operations of Russia’s first cloud-based business product service, Office 365, which will provide small and midsize companies with remote access to an online repository of documents by the end of the year.
Armada, a Russian group offering software development and other IT services, announced last Friday that it sold 2.4 million additional shares for $13 each on Russia’s MICEX and RTS stock exchanges.
A trade delegation of 25 leading European venture capital firms and top executives of major international technology corporations is visiting Russia this week to participate in the Second International Trade Delegation on Global Innovation Partnerships (GIP).
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).
In its Freedom on the Net 2011 report, Freedom House, an American NGO that monitors freedom progress or restrictions around the world, assigned Russia the status of a “partly free” country. The report acknowledges that the Russian Internet has remained a “relatively uncensored platform for public debate and the expression of political opinions,” in contrast with more …
Russian Internet “relatively uncensored,” says US watchdog Read More
The Russian Ministry of Communications and Mass Media is considering switching digital multiplex broadcasting (TV channel packages) over to the DVB-T2 standard, the Russian press reported. The move would free up frequencies for additional content, possibly for use by regional channels.
