MTS to acquire St. Petersburg Internet and telecom operator

The Russian Anti Monopoly Service allowed MTS, a leading Russian operator, to acquire 100% of the shares of SkyNet, Russian business daily Vedomosti reported yesterday. The target of the acquisition provides Internet access as well as fixed line telephony services in St. Petersburg. MTS competes with other players such as mobile operator Megafon and telecom operator Rostelecom, …

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Rambler invests in e-commerce, demonstrates fast traffic growth

The Rambler-Afisha group invested “hundreds of thousand dollars” in Ichiba.ru, Rambler founder Anton Terekhov told the RIA Novosti news agency last week. Launched in April of last year, Ichiba.ru is an e-commerce marketplace allowing any merchant to present and sell its products online easily. Ichiba claims its catalog includes 3.5 million items from over 400 …

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Skolkovo to hold roadshow in France

The IT cluster of Skolkovo, the state-supported innovation hub under completion near Moscow, is preparing a roadshow to France in June or July, involving a dozen of its resident companies. The series of Skolkovo roadshows in Western countries started in the fall of last year with visits to Vienna, Munich and the Silicon Valley.

Futubra, Russia’s response to Twitter, aims to set new standard in microblogging

While Twitter is gaining traction among the connected Russian elite, Mail.ru Group, the Russian LSE-listed Internet group, announced on Monday the launch of Futubra, a remarkably designed microblogging service. Although some observers have nicknamed it “the Russian Twitter,” Futubra seems closer to Tumblr in terms of functions, with its focus on multimedia content sharing and …

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Fast Lane invests in RentHome.ru

Fast Lane Ventures, a Moscow based early stage venture capital firm, recently announced it has invested in RentHome.ru, a service that operates and looks nearly identical to HomeAway.com, down to the same colors, layout, and background. Through RentHome.ru, property owners can list their properties for short term rentals, allowing people to make a little more …

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Restaurant software firm iiko prepares for international expansion

iiko, a major Russian HORECA software publisher, is holding discussions with investment funds in an effort to attract as much as $10 million, said Roman Abramov, the company’s general manager, in an exchange with Russian business daily RBC Daily. “We need financing to expand our activities in Asia and Central Europe as well as to …

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Russian tech companies lost 23% on stock markets in 2011

Virtually all Russian IT and telecom companies saw their capitalization shrink on stock markets in 2011, with telematics company Russian Navigation Technologies (RNT) and Russian microelectronic device maker Sitronics losing more than 40%. AFK Sistema, a diversified conglomerate, lost as much as 33.8%. Major mobile operators VimpelCom and MTS did barely any better with a loss …

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Startup from Tatarstan launches first Russian cloud music storage service

10tracks.ru, Russia’s first cloud music storage site, launched a few days ago, with up to 3 gigabites of storage space available free of charge. Users can listen to their music using a web player or download it onto smartphones or computers to listen to it anywhere. The mobile version is available using an Android application …

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