Online video site receives financing from leading Russian investors
WebMediaGroup has sold a 30% stake in its online media projects to Russian venture fund Leader Innovations and Gazprombank, the company announced last week.
Skolkovo, Rusnano, and Russian Venture Company open office in Silicon Valley
Skolkovo, the state-sponsored innovation hub under construction near Moscow, last week opened its American beachhead in Silicon Valley together with Rusnano, a state-owned corporation, and Russian Venture Company (RVC), the state-owned fund of funds dedicated to innovation.
Analysts forecast strong growth for Euroset
According to analysts at Alfa-Bank, Euroset’s are set to grow, on average, by 26.1% annually until 2015, reaching an estimated 197.4 billion rubles (approximately $7 billion). EBITDA should hit 21.9 billion rubles ($776 million) by 2015, and net profit should rise to 15.02 billion rubles ($532 million). Euroset, Russia’s leading mobile retailer, announced last week …
Pskov launches business incubator in May
Pskov expects to have its first business incubator for young entrepreneurs completed and launched this May, RIA Novosti reported, citing incubator director Dmitry Mikhailov.
First-ever IPO among Russian online retailers is planned
One of the largest Russian online retailers, Utinet.ru, has begun to prepare for an IPO on the MICEX stock exchange, reported ComNews.ru, a site covering telecoms and IT issues. The operation is scheduled for the first half of this year. Utinet.ru is valued at an estimated $100 million to $120 million and intends to sell …
First-ever IPO among Russian online retailers is planned Read More
Russia’s official representations abroad to help GLONASS expand internationally
Navigation Information Systems (NIS), Russia’s provider of national navigation services, signed an agreement last week with Russia’s Ministry of Economic Development aimed at finding foreign partners to develop GLONASS-supported services.
Tomsk to get new $17.5 million business incubator
Tomsk Control Systems and Radio Electronics University (TUSUR) has plans to commission by late 2011 – early 2012 at the latest the city’s new fully equipped $17.5 million technology business incubator, RIA Novosti reports.
Rostelecom to implement e-signature, e-government and cloud-computing state programs
Rostelecom, the national telecommunications operator, was appointed last Monday by the Russian government to implement important parts of the federal program Information Society 2011–2020, including the “creation of a national platform for distributed data treatment in which computing resources are provided to users as Internet services” – or cloud computing in simpler terms.
Bashkortostan announces $52 million innovation program till 2015
Authorities in the Republic of Bashkortostan have approved a $52 million long-term innovation program to run till 2015, regional officials report. Of the total funding, $17 million is reportedly to be allocated from budgets, and $35 million is to be raised from non-budgetary sources.
Svyaznoy considers IPO in 2012
Svyaznoy, Russia’s second leading mobile retailer, may go public in Q2 2012, according to Denis Lyudkovsky, the company’s general manager. The announcement was made at a press conference yesterday. The final decision will depend, among other factors, on the success of the impending IPO of Euroset, the market leader.
Rostelecom may postpone SPO on LSE
Russian business daily RBC Daily reported yesterday, quoting unnamed sources, that Rostelecom could postpone a secondary public offering (SPO) on the London Stock Exchange initially planned for April or May.
VimpelCom last in the running for NTC acquisition
FAS, the Russian anti-monopoly authority, rejected the bids of MTS and MegaFon, two leading Russian mobile operators, to acquire New Telephone Company (NTC), a major mobile, fixed and IP telephony and internet operator based in Vladivostok. As a consequence, VimpelCom, another leading Russian operator, is the only bidder left in the running.
