Rostelecom, Russia’s national telecommunications operator, intends to invest $15.3 million in the development of telecommunications networks in Tomsk region in 2011, up 34.4% from 2010, news agency RIA Novosti reports.
Swedish investment company Vostok Nafta Investment called Avito.ru, its online-classified-ads affiliate company in Russia, the “real romance” of its portfolio in 2011. Vostok Nafta, which owns 25.8% of Avito, claims in its annual report that the site established itself as “the number one online classifieds operator in Russia” following the “explosion” of its traffic since …
Swedish investor has “real romance” with Russian classifieds site Read More
Leading Russian satellite television provider NTV+ announced their launch of 3D content production at the “Digital TV and Mass Communication in Russia” conference held in Moscow on March 30-31. The announcement was reported on ComNews.ru, a Russian site covering telecom and IT markets.
With revenues exceeding 81 billion rubles (approximately $2.87 billion) in 2010, National Computer Corporation (NCC) confirmed its status as the biggest player on the Russian IT market, reports CNews.ru, an online news portal specialized in IT.
Russia’s online footwear market, which only a year ago almost resembled a desert, is witnessing rapid transformation following the initiatives of a number of major players. This market was recently estimated to have a potential of at least €100 – 150 million.
VimpelCom CEO Alexander Izosimov announced last we Best Way To Get Ex Boyfriend Back ek that operations in Vietnam would resume in the forthcoming months. VimpelCom, a leading Russian mobile operator, agreed in 2008 to create a joint venture with Vietnamese state corporation Global Telecommunications Corporation (GTel) and its subsidiary GTel TSC.
MTS, a leading Russian mobile operator and retailer, launched initial retail sales of its Glonass 945 smartphone last Friday in a bid to offer the world’s first smartphone with a GLONASS+GPS supported satellite location system.
Russia will create a $10 billion sovereign fund to support foreign investment contributing to the modernization of the economy, confirmed Russian president Dmitry Medvedev during a government meeting in Magnitogorsk, Siberia. The fund will be set-up “by mid-summer,” the president announced.
The Russian anti-monopoly authority (FAS) demanded earlier this week that telecommunications regulator Roskomnadzor cancel its recent decision to change tender conditions for the allocation of GSM frequencies in 16 regions.
The Financial Times reported earlier this week from unnamed sources that DST Global, Russia’s leading Internet investment fund, took part in the third round of financing for Chinese e-commerce giant 360buy.com.
Luxembourg based fund Mangrove Capital Partners and Russian fund ABRT sold their stake in Russian search engine Quintura earlier this month, letting its founders Yakov Sadchikov, Alexaner Yershov and Rustam Gafurov take back full control of the company.
VimpelCom, one of Russia’s leading mobile operators, announced this week in ComNews.ru, a specialized Russian telecom media resource, that it had 9,000 base stations in its 3G network as of late 2010, with 3,000 of them deployed in Q4 2010. But the heavy investments required by 3G deployment partly explains VimpelCom’s negative free cash flow …
VimpelCom 3G network still in search of a business model Read More
