Leading Russian mobile operators VimpelCom and MTS are eying to acquire Utel, the mobile unit of Ukrtelecom, a major fixed-line Ukrainian operator. Astelit, a subsidiary of the Turkish Turkcell, was also named as potential buyer.
Rambler, the once prominent but now second tier Russian search engine, has announced on company blog on Thursday the establishment of a new venture fund named Rambler-Fund. The fund has been set up in partnership with media firm Afisha.
The Russian Federal Supervision Agency for Information Technologies and Communications (FSA ITC) together with the Moscow police has conducted a number of pilot special operations to prevent the illegal distribution of databases containing personal data, the agency reported in a news release last week. The campaign held on June 8 targeted sellers of CDs containing …
Moscow police crack down on illegal database trade Read More
VTB Capital Asset Management announced last week it has invested in COMDI, a leading player on the Russian video conferencing market. Founded in 2009, COMDI specializes in web conferences as well as online training and broadcasts. Before this round of financing, COMDI was funded by its founders and an undisclosed business angel.
The Russian post discovered and shut down a “scheme of illegal importation via the postal service” in late May. Several major online retailers were discovered to be using postal designated ‘M-bags’ to ship clothes and shoes, the postal operator reported. According to the Universal Postal Convention, M-bags, an economical international shipping format, can only be used …
Asos and Tommy Hilfiger distributors caught in alleged shipping fraud Read More
EPAM Systems, an offshore software developer with major R&D centers in Russia, Belarus and Ukraine, has informed the US Securities and Exchange Commission that it plans to launch an IPO, reported Russian daily Vedomosti on Thursday.
The Russian President signed amendments to the Federal Tax Code last week aimed at fostering the development of innovation across the nation. The new legislation accounts for a revised concept of R&D expenditure in respect to the creation of new products, works and services or towards the improvement of existing products as well as for …
YEES 2011, a collaborative Russian-US forum dedicated to modern entrepreneurship and innovation techniques took place in Moscow last week. The forum gathered over 50 speakers from venture funds, scientific circles, government agencies as well as tech firms and Internet startups. Among them were high level representatives from Cambridge University, Google and Intel Capital as well …
International browser game leader Bigpoint and LSE listed Mail.Ru Group have announced that they will soon begin offering some of each other’s games on their respective portals. Mail.ru users will be able to find renowned Bigpoint games as Farmerama, DarkOrbit, Seafight or Battlestar Galactica Online and Bigpoint users will be able to access Russian award …
Match made in heaven for game makers Bigpoint and Mail.Ru Group Read More
Santa Clara, Calif. — As Russian scientists increasingly deploy GPU-enabled supercomputers to tackle scientific challenges, Moscow State University is upgrading its Lomonosov system with NVIDIA Tesla™ GPUs to be one of the world’s fastest supercomputers.
The client base of Tricolor TV, Russia’s leading satellite TV provider, rose by 10% between January and April 2011, reaching 8 million subscribers with 85% purchasing TV packages., The company expects to increase its subscriber base to 10 million households by the end of 2011, announced Tricolor TV General manager Vyacheslav Mordachev last week.
During a visit to Kazan yesterday, Google Russia representative Vladimir Dolgov praised Tatarstan for its Internet penetration rates, which stand among the highest in Russia. Having noticed the large quantity of schools with Internet connections and local WIFI hotspots, Dolgov said that Tatarstan “has all the necessary foundations for further development of Internet and online …
Tartarstan confirms momentum on Russian Internet scene Read More
