Rostelecom, Russia’s national telecommunications operator, intends to invest more than ten billion rubles (approximately $357 million) into the development of a national cloud computing platform through 2015. Rostelecom was appointed by the Russian government to develop the platform in March.
Internet access fees in Russia’s regions have fallen by 30-60% in one year, according to a study by Yandex, the leading Russian search engine. The lowest prices are in the Urals Federal District, while the most expensive network access remains in the Far East. Despite falling prices, Internet penetration rates in the regions are still …
Broadband Internet accessibility increases across Russia Read More
Ostrovok.ru, an online hotel booking service launched last summer, announced last week it had raised $1 million from General Catalyst Partners, a US-based venture capital and growth equity firm, Kite Ventures, a Russian venture fund, and business angels who founded online travel services in the US and China such as Kayak and Qunar.com. The founders say …
Western and Russian investors bring $1 million to hotel booking site Read More
Yandex, the Russian search giant that filed a registration statement with the SEC for a proposed IPO on NASDAQ last week, warned potential investors in its prospectus that it was as “vulnerable to politically motivated actions” as any other high-profile businesses in Russia. In the prospectus, Yandex acknowledges the risk of “other parties” perceiving its …
Yandex warns against threats from state and oligarchs; Considers international expansion Read More
Russia’s largest operator of satellite television, Tricolor TV, announced its commercial launch of asymmetrical satellite Internet access, Vedomosti reported.
Facebook representatives announced this week that it now counts 5 million active users in Russia, reported news agency RIA Novosti. That figure, however, represents a mere one Internet user out of ten, and Facebook still lags behind Russia’s social networking behemoths Vkontakte (23 million unique users in February 2011, according to TNS), MoiMir (20 million), …
The construction of the first complex of the Skolkovo innovation center outside Moscow is scheduled to begin in 2012 and be completed in early 2014, news agency RIA Novosti reports citing a source in the Skolkovo Fund.
Russia’s leading search engine Yandex announced that it has filed a registration statement with the SEC for a proposed IPO on NASDAQ, TechCrunch reports. According to the filing, the proposed maximum aggregate offering price amounts to $1 billion. A portion of the shares will be issued by Yandex, and a portion will be sold by certain …
Yandex prepares IPO; hopes for $9 billion valuation Read More
A business incubator has opened in IT-Park, the high-technology technopark in Kazan, in the Republic of Tatarstan, Interfax reports.
MTS, a major Russian mobile operator and retailer, has announced plans to pay out $1.08 billion in 2010 dividends, which accounts for 70.08% of the company’s net profit for the year. The company’s dividend policy reportedly implies to direct at least 50% of profit on dividends.
Google has deleted from its search results the links to 446 pages of 106 pirate resources, which had illegally borrowed content owned by Eksmo, a leading Russian publisher. Among the blacklisted sites are Bookmir.ru, Fanknig.ru, and Kniga-free.ru, as well as torrent tracker Torrentino.com, reported Vedomosti, a Russian business daily.
VimpelCom, a leading mobile operator in Russia and one of the world’s largest telecom group, announced yesterday that it agreed with its local partner in Vietnam on a financing plan for its Vietnamese joint venture, GTEL-Mobile.
