Russian telecom tower operator secures $100 million investment

March 5, 2012

Russian Towers, a Russian company that owns, operates, and leases telecommunication towers, secured a $100 million investment last week from a consortium of investors led by the Macquarie-Renaissance Infrastructure Fund (MRIF), which committed itself to invest half of the total. Another $20 million is coming from emerging market investor ADM Capital, while founding  shareholders UFG …

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Teamo.ru attracts Japanese money, prepares recurring billing system

December 2, 2024

The Russian matchmaking service Teamo.ru completed a new round of investment earlier this week with a Japanese venture fund operating in Russia, UMJ Russia. While no details have been disclosed as to the amount involved or Teamo’s valuation, the deal brings total investment to date in the Russian service to more than $2 million. Unlike …

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Online event solution startup TimePad secures investment from Rambler-Afisha

March 2, 2012

TimePad, a startup offering a range of online tools for event organizers, announced on Wednesday that it had received an investment of undisclosed size from the Rambler-Afisha group. TimePad’s functions can be compared to those of Eventbrite or Armiando. They include event publication and promotion, through existing contacts and social networks, as well as online registration, …

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Social résumé startup Resumup enrolls global companies in innovative recruitment experiment

March 2, 2012

ResumUp, the infographic résumé startup that emerged from two innovation contests last December, is launching a new product, currently in beta testing, bringing some fresh air to online recruiting. While its first product focused on infographic résumés using data from social media profiles, the St. Petersburg startup now takes an extra step, matching visual résumés …

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GLONASS supported smartphones fail to get traction on the Russian market

March 1, 2012

Chinese smartphone manufacturer ZTE has stopped producing smartphones that support both GLONASS and GPS, said Ding Haomin, ZTE’s representative in Russia, in an exchange with CNews.ru, an online publication covering the Russian telecom and IT markets. Haomin explained the decision was motivated by “the absence of demand” for such devices.

Hazardous freight transportation to be controlled using GLONASS

March 2, 2017

M2M Telematics, the leading Russian vehicle telematics solution provider, announced last week it has developed a distant control and surveillance system for hazardous freight transportation using GLONASS, the Russian satellite navigation system. The hazardous transportation solution, which had been ordered by the Federal Transport Supervision Service (FTSS) of the Ministry of Transport, was developed in …

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Yandex to offer free cloud storage service

February 29, 2012

Russian search giant Yandex is developing a cloud service to store data from computers and mobile devices, Russian business daily Vedomosti reported on Monday. The service, currently referred to by the working name ‘Yandex.Disk,’ will store and sync files of any type and format, from text documents, to video files and photos, as well as …

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Skolkovo’s influence extending to post Soviet countries

February 28, 2012

In a renewed round of innovation cooperation in the post-Soviet area, the Skolkovo Foundation, the Russian organization in charge of building a world-class technology hub near Moscow, is expected to start screening and funding technology start-ups from the neighboring CIS countries. The CIS Economic Council will vest the Foundation next month with full powers to …

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Dreaming of an overseas vacation? Need new furniture? Check out phone retailer Svyaznoy

February 27, 2012

In a bid to diversify and assert itself on the fast growing Russian e-commerce market, major mobile retailer Svyaznoy is now catering to travelers and selling furniture and jewelry online. Its most recent project, one the company positions as a ‘travel hypermarket’, Svyaznoy Travel, aims to incorporate both online and offline formats for all travel …

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Russian banks attract half a million fans on social networks

February 27, 2012

The popularity of banks on social networks – especially official corporate pages on Facebook or Vkontakte, and Twitter accounts – has increased more than 50-fold over the past year, says a report from Artenom Consulting. “One third of the country’s 100 largest banks has either established an official presence on social networks or is using …

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Mail.Ru Group: Preliminary trading statement for fiscal year 2011

February 24, 2012

Dubai – Mail.Ru Group Limited (LSE: MAIL, hereinafter referred as “the Company” or “the Group”), one of the largest Internet companies in the high-growth Russian-speaking Internet market, today provides the following preliminary unaudited segment financial information for the second half and full year ended 31 December 2011.

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