Megafon acquires Internet and cable TV provider in Western Siberia

December 13, 2011

MegaFon, a major Russian mobile operator, made a further step last Friday towards business diversification and regional expansion by acquiring Yugratel, a broadband Internet and cable TV provider operating in the Khanty-Mansiysk Autonomous District of Western Siberia. Yugratel was sold through an auction sale by the local authorities for 2.4 billion rubles, or approximately $76 …

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DST and General Atlantic lead $155 million funding round for Swedish payment solution provider Klarna

December 12, 2011

DST, Russia’s leading IT fund with stakes in Facebook, Groupon, Twitter and other top global web properties, has participated in a round of financing for Klarna, a Stockholm based alternative payment solution provider. Also participating in the round were General Atlantic, a leading global private equity firm, and Sequoia Capital, which contributed to Klarna’s financing …

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Mobile app builder, cloud based data backup solution and e-commerce delivery startup honored at Startup of the Year contest

December 12, 2011

One of the Russia’s most anticipated nationwide startup contests, Startup of the Year held court with a swarm of young entrepreneurs, concepts and high tech demonstrations last Thursday on the campus of the Moscow Higher School of Economics (HSE). The annual event takes place every December and is organized by HSE business incubator HSE Inc.

DST’s Yuri Milner and Vkontakte’s Pavel Durov team up to support Russian startups

December 12, 2011

Yuri Milner, founder of Russia’s leading Internet investment fund DST Global, and Pavel Durov, founder of Vkontakte.ru, the country’s most popular social network, launched Start Fellows last week, a joint grant project offering funds for newly minted Russian startups. Applications can be made online for qualifying startup projects to receive grants as large as $25,000. The …

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IBM and SAP to create R&D centers in Skolkovo

December 9, 2011

IBM and SAP inked cooperation agreements almost simultaneously this week with the Skolkovo Foundation, the state sponsored organization in charge of developing a state-of-the-art innovation hub near Moscow. Both companies intend to create research and development facilities at Skolkovo. IBM’s researchers will work on smart technologies for use in oilfields, mobile NFC technologies, and road …

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Medvedev Twitter account caught in Moscow political turmoil

December 8, 2011

A surprisingly explicit retweet sent from Russian President Dmitri Medvedev’s Twitter account yesterday has ignited both the twitterverse and blogosphere with speculation about the behind the scenes mechanisms of the Presidential social media presence. The message, which ran, “If someone uses the expression ‘the party of rogues and thieves’ in his blog, he is a …

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Media3 asserts itself as major online media publisher

December 7, 2011

Media3, a major media publishing, commercial printing and distribution group, announced on Monday its acquisition of Delovoy Mir, Russia’s fifth largest publisher of online classifieds. The amount of the transaction was not disclosed, but Delovoy Mir Online Brand Manager Marina Zeitina told East-West Digital News that Media3 obtained a 90% stake, leaving the remaining 10% …

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Nokia integrates Mail.ru services in dedicated mobile web browser

December 7, 2011

Mail.ru Group and Nokia announced yesterday the launch of a special version of Nokia’s web browser for Nokia Series 40 mobile phones. These mid-tier feature phones, which inlude the Nokia 2700, X2-00, 5130, C3-00, 6700, 6303 and 21 other models, enjoy strong popularity in Russia, notes Telecom Daily, a Russian online publication covering telecom and …

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Yandex eyes European, Latin American and Asian markets – Poland could be next

December 6, 2011

Yandex CEO Arkady Volozh unveiled ambitions to expand into the European, Latin American and Asian markets at the TechCrunch Moscow international conference yesterday. The move will put the Russian search giant on a course to more directly confront dominance by Google on these markets. With its Turkish version launched in September this year, Yandex ceased …

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