During a visit to New Delhi last week, a top-level delegation of NIS GLONASS, Russia’s national provider of satellite-based navigation services, exchanged opinions with DIMTS, an urban transport and infrastructure services company backed by the Delhi government, about implementing intelligent transportation systems in Russian and Indian cities as well as about furthering commercial development. The …
During a visit to Kazan’s IT-Park earlier this month, presidential aide Arkady Dvorkovich praised Tatarstan for successfully implementing e-government at the local level. For example, now a couple wanting to marry can file an application online with a registry office, and parents can apply via the Internet for a place for their child at a …
Yandex looks to raise up to $1.1 billion offering 52 million shares between $24 to $25 a share, up from an initially considered price of $20 to $22, commanding a market value around $7 billion. Yandex will list on the NASDAQ under the symbol YNDX starting from May 23, 2011. In light of this IPO, East-West …
MTS, a leading Russian mobile operator and Rostelecom, the Russian national telecommunications operator, are among the Russian companies mulling the acquisition of GNC-Alfa, Armenia’s leading operator of fiber-optic cable infrastructure. Another candidate for the acquisition is France Telecom, Russian business daily Kommersant reported from unnamed sources. The estimated value of the company could be between …
Russian operators compete with France Telecom to acquire Armenia’s GNC-Alfa Read More
1. Yandex is more than a search engine Since its launch in 1997, not only has Yandex become Russia’s number one search engine. Beyond its estimated 55% to 64% share of the search market, Yandex is an integrated Internet company leading in such areas as online maps and location based services, news aggregation services, streaming music …
Seven things you need to know to be a Yandex expert Read More
In a bulky 140-page report, the Russian Ministry of Communications and Mass Media highlights an 8.4% total year-to-year growth of the ICT sector, particularly 14% in the IT field. According to the report, the overall volume of the ICT sector in Russia totaled 1.9 trillion rubles ($68.6 billion) in 2010. Of the total ICT market, …
Russian ICT market totaled $68.6 billion in 2010 (government report) Read More
MegaFon, a leading Russian mobile operator, has made its phone interpreting service available nationwide. The service, which until now was accessible only from Moscow region, uses a three-way conference call format, enabling a person to speak with another person through an interpreter.
Since 2002, Yandex has established itself as the leader of the online search market in Russia. Not only did it leave its Russian competitors in the dust – nowadays Mail.ru commands less than 8% of the search market and Rambler less than 2% – it has also successfully resisted Google’s offensive. Technologically, the initial Yandex …
Yandex vs. Google: Why the US giant failed to conquer Russia Read More
Today, only one player can pretend to match, or hope to surpass, Yandex on the Russian Internet market: Mail.ru Group, a behemoth that was introduced last year on the London Stock Exchange. Both groups are comparable in their range of revenues (Yandex: $439.7 million in 2010; Mail.ru Group: $324 million) and in their good financial …
Yandex vs. Mail.ru Group, the two behemoths of the Russian Internet Read More
Crossbeam Systems, Inc., the leading provider of next-generation security platforms for high-performance networks, and Russian Telecom Equipment Company (RTEC), a manufacturer of trusted telecommunications equipment, announced today the creation of a joint venture to deliver security solutions in Russia and in the Commonwealth of Independent States (CIS).
If considered literally, the long list of “risk factors” published in Yandex’s IPO prospectus could terrify any reasonable investor. The list starts with countless business risks. Yandex does not hide its strong vulnerability to variations of the advertising market: “We generate almost all of our revenues from advertising, which is cyclical in nature.” Not only is …
On 18 May 2011 the Presidium of the Supreme Arbitration Court (SAC) issued a decree requiring the domain administrator of the www.mumm.ru site to cease using the domain name. The SAC has ruled that use of the name infringes the exclusive rights of champagne maker G.H. Mumm & Cie to the “Mumm” trademark.
