In 2010 the performance of Mail.ru Group, an LSE-listed Russian internet group, was remarkable in many respects, according to the financial results it released yesterday. The group’s aggregate revenues grew to $324 million, a 64% increase from 2009 – or 58% excluding the impact of the ICQ acquisition completed in July 2010. Its net income …
MTS, a leading Russian mobile operator and retailer, announced yesterday it will offer Foursquare check-in points at its 3,200 outlets throughout Russia, beginning in Moscow and St. Petersburg.
Norilsk Telecom (NT), one of the largest fixed-line and broadband operators in the Krasnoyarsk region, is up for sale again. The company’s only shareholder, investment bank KIT Finance, hopes to sell the asset before the year’s end. A few potential buyers have emerged.
Viktor Vekselberg, president of the Skolkovo Foundation, annouced yesterday to Russian president Dmitry Medvedev that the first office building of Skolkovo, the state-sponsored innovation hub under construction near Moscow, would be completed before the end of the year. The project’s administrative center will move to the Skolkovo territory in November, Vekselberg said.
Representatives of the mobile operators involved in the discussions with the State Radio Frequency Commission (SRFC), speaking under conditions of anonymity to Vedomosti, reported that the creation of the consortium is being delayed and the July 1 deadline for completing the investigations on frequency conversion is unlikely to be met.
Yandex.Dengi, a leading Russian electronic currency system, has announced the launch of cooperation with Sberbank, Russia’s national savings bank. Starting February 21, Yandex.Dengi accounts can be refilled at any Sberbank ATM located in Moscow and the Moscow region. The service will be available throughout Russia by the end of the year. Yandex.Dengi account holders will …
Yandex.Dengi connected to Russian national savings bank Read More
South Telecommunications Company (STC) has announced plans to invest $21.2 million in network development in Stavropol region in 2011, up 26.5% on 2010.
Ukrainian fund United Media Holding (UMH), owner of a variety of media companies in Ukraine, Russia, Kazakhstan and Belarus, is in the process of acquiring a controlling stake in Sports.ru, reports RBC Daily, a Russian business daily, from unnamed sources.
Qiwi and Visa issued a joint statement yesterday announcing the successful transfer of funds from a Qiwi online wallet (“Qiwi Koshelek”) located in Russia to a Visa card account at a Ukrainian bank.
Yesterday Moody’s placed the corporate family rating (CFR) and the probability of default rating (PDR) for Sitronics, a Russian provider of corporate telecommunications solutions, on review for possible downgrade.
European online music service Spotify, which offers streaming audio tracks on demand, is currently closing a round of financing of $100 million or more, reports TechCrunch from unnamed sources. DST is said to be leading the deal, which would value Spotify at around $1 billion.
Mobile operator MTS has announced plans to invest $3.4 million in network development in the Megino-Kangalassky Ulus in the Republic of Yakutia in 2011.
