Pirate Pay, a startup from Perm, and Ajatix, another one from Volgograd, have both received grant funding from the Microsoft Seed Finance Fund. The fund aims to provide direct financial support to startups in the areas of software and SaaS services. The fund was created in November 2010 in partnership with Skolkovo, the state sponsored …
MTS, a leading Russian mobile operator, intends to purchase Republic of Tatarstan TV and Radio Company TVT (TRC TVT) for $180 million, Kommersant reports. TRC TVT, the largest cable TV operator in Tatarstan, is currently 100% owned by TAIF group. It provides services in 15 municipalities and covers over 650,000 households.
Rostelecom, Russia’s national telecommunications operator, has announced plans to build a fiber-optic communication line (FOCL) to Sakhalin Island in the Far East district.
A total of $21.2m is to be spent on development of telecommunications services in the villages in Samara region, regional officials report. The project is reportedly expected to be financed under private-public partnership, with half of the funding to be allocated from the regional budget, and another half to be invested by the region’s telecom …
Samara region launches $21 million telecom services development plan Read More
Oktogo.ru, a Russian online hotel reservation company with its headquarters in St. Petersburg, is closing a $5 million round of financing with Western funds Ventech and Mangrove Capital Partners and Russian fund ABRT. The two Western funds confirmed the transaction to EWDN but did not disclose the startup’s valuation.
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.
MTS, a leading Russian mobile operator, has acquired full ownership of Inteleca, an alternative operator providing broadband Internet and cable TV services in Barnaul and Biysk in the Altai region. The sale of the company came to $19.2 million, according to MTS.
Moscow, Russia – Rostelecom (RTS, MICEX: RTKM, RTKMP; OTCQX: ROSYY), Russia’s national telecommunications operator, today announces that OJSC CentreTelecom, OJSC SibirTelecom, OJSC Dalsvyaz, OJSC Uralsvyazinform, OJSC VolgaTelecom, OJSC North-West Telecom, OJSC Southern Telecommunications Company and OJSC Dagsvyazinform (“the merged companies”) have today been excluded from the Unified State Register of Legal Entities following their merger …
Rostelecom completes large scale reorganization and merger process Read More
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.
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
Russian venture investor Ru-Net II has invested an undisclosed amount in Biglion, one of the numerous Russian Groupon copycats, reported blogger Yakov Sadchikov last week.
Ambiq Tech St. Petersburg, the Russian branch of American company Ambiq Technologies, yesterday unveiled a mobile phone add-on for Russian customers. Based on Near Field Communication technology, a short-range wireless connectivity standard, the insert allows customers to use their phone as a discount card or a payment instrument linked to their bank account.
