Skolkovo, the state-sponsored innovation hub under construction near Moscow, has selected 28 projects to fund, according to its vice president, Stanislav Naumov, on March 4. He said that by the end of the year, that number will have risen to 116. Important tax and customs exemptions will also be offered.
Authorities in the Republic of Bashkortostan have announced an open auction to sell 60.46% shares in Ufa-based telecommunications systems manufacturer BETO at starting price of $13.7 million. The participants bids are accepted before April 4, and the auction is scheduled to be held on April 8, 2011.
Tele2 Russia, a subsidiary of a European telecommunications holding based in Sweden, intends to invest over 1.25 billion rubles ($43 million) building cellular base stations in Krasnodar region, report regional officials and Tele2.
A handful of mobile and telecom operators in Russia signed a memorandum last week, in the presence of Prime Minister Vladimir Putin, to establish a joint venture for developing an LTE network. The companies involved are VimpelCom, MTS, and MegaFon, the leading Russian mobile operators; Rostelecom, Russia’s national telecom operator; and Scartel, operator of the …
Leading Russian operators could join to create LTE infrastructure Read More
In a meeting with Russian bloggers yesterday, Viktor Vekselberg, president of the Skolkovo Foundation, pledged to “lynch bribers” on the future innovation hub’s territory should any instance of corruption be discovered, reported Vedomosti, a Russian business daily.
World leading classifieds platform eBay launched its Russian-language version one year ago, in March 2010, and despite problems surrounding the launch, Russian Internet users appear to like having their own version: the number of registered users increased by 73% in its first year. In addition, Russian users have proven to be the most active buyers …
One year after launch, Russian eBay offers local classifieds Read More
“We rule out, and consider to be utopian, a full integration of Vkontakte into Mail.ru Group,” said Pavel Durov in an open letter published yesterday. Durov, Vkontakte.ru’s general manager and main shareholder, denied holding any discussions about an increase of the Mail.ru Group stake in Vkontakte.ru, Russia’s leading social network.
CountryCom, a Russian telecommunications operator offering a variety of services, announced its launch of an MVNO covering the Moscow regions using the network of Skylink, a leading Russian 3G operator.
Tinkoff Credit System, a Russian bank specializing in consumer credit, and Odnoklassniki.ru, a leading Russian social networking site, have launched a social application allowing users to apply for co-branded credit cards.
Wikimart.ru closed a second round of financing with US venture fund Tiger Global partners, reported Wikimart founders Maxim Faldin and Kamil Kurmakaev yesterday to Russian business daily Vedomosti.
MICEX, one of the two main Moscow stock exchanges, has opened the IPO Board, a web service dedicated to innovative companies, including those at startup stage. This resource will allow “buyers” and “sellers” to publish their offers and make deals directly.
In a report issued today, Uralsib Capital estimated that Mail.ru Group, an LSE-listed Russian Internet group, is overvalued.
