Euroset, Russia’s leading mobile and media device retailer, announced yesterday it would proceed with an IPO on the London Stock Exchange. The offering could raise more than $1 billion, putting the desired valuation of the chain at $4 billion, reports Reuters from unnamed sources.
The Ministry of Justice denied registration to the Pirate Party of Russia because the word “piracy,” in accordance with applicable law, is defined as an attack against ships at sea or on rivers and represents a criminal offense.
Russian telecommunication regulator Roskomnadzor has announced an open tender for the development and delivery of a software and hardware system that monitors electronic publications of online media.
M.Video, a leading Russian specialized retailer, will soon make electronic products and home appliances available for purchase on Facebook and Vkontakte.ru, Russia’s leading social network.
Omlet.ru, a leading Russian online catalog for video, music and game content, will add content from Universal Pictures, Warner Brothers Entertainment and Sony Pictures Entertainment, reports RBC Daily. Omlet.ru’s range of content is expected to increase by several hundred titles, including some films through exclusive distribution agreements.
In established Internet markets in the West, online public relations have recently seen growth as a popular marketing alternative. The 2008 crisis strongly affected the way marketers approached online communications. Marketing budgets have been cut and expectations have shifted away from experimentation. ROI became king.
WiMax broadband Internet provider Scartel, working under Yota brand, intends to invest $17.5 million in development of 4G mobile network in Perm region, regional officials report.
The EBITDA of Euroset, Russia’s leading mobile retailer, reached 8.37 billion rubles (approx. $279 million) in 2010, up 88% from 2009. During the same period, the company’s net profit grew almost fivefold (+385%), to 5.58 billion rubles, while its revenues increased by just 12.2%, reaching 61.91 billion rubles (approx. $2 billion).
Amsterdam and New York – VimpelCom Ltd. announced today that the Company’s shareholders approved all of the items on the agenda at today’s Special General Meeting, paving the way to complete the combination of VimpelCom and Wind Telecom S.p.A.
PingWin Software Ltd. announced on March 14 its membership in the Linux Foundation, the nonprofit consortium dedicated to Linux development. PingWin Software is the first Russian company to join the Foundation.
Ozon.Travel, a specialized arm of leading Russian e-commerce player Ozon.ru, announced last Monday a twentyfold increase of its annual gross booking sales, from 44 million rubles in 2009, the year of launch, to 898 million rubles in 2010 ($1.47 million and $29.9 million, respectively).
The Russian Supreme Arbitration Court settled the dispute between leading Russian television channel RTR and social network Vkontakte on the liability of the social network for the transfer and use of unlicensed content on the site. The court ruled that Vkontakte is not responsible for its users’ copyright violations.
