Germany’s anti-monopoly authorities announced that Gazprom Marketing & Trading (GM&T), a subsidiary of the Russian gas giant, requested their approval to be considered for an acquisition of Envacom. A German solar and wind energy operator, Envacom also offers mobile and Internet access services to more than 500,000 customers.
ОSG Records Management, a major Russian online backup and document archive solution provider operating in Eastern Europe, could go public in early 2012, Russian business daily RBC Daily reported yesterday. OSG’s initial public offering could take place on the Warsaw stock exchange. “Poland is our second largest market after Russia,” OSG Financial Director Mikhail Shokhorov …
Russian online storage company considers IPO in Poland Read More
Leading Russian financial company Finam says it has been approached by Western funds considering the acquisition of Finam’s web property Marketgid, the leading traffic exchange and affiliation platform in Russia. Finam values Marketgid at $100 million at least, Dmitry Smirnov, the CEO of the Finam Private Equity Fund, told East-West Digital News. According to Smirnov, …
Russian traffic exchange platform Marketgid eyed by Western funds Read More
Cisco Russia General Manager Pavel Betsis announced last week that his company will start producing IPTV set-top boxes (STBs) as early as next month in an assembly plant belonging to Jabil Circuit, a US-based global provider of electronics manufacturing services. The assembly How To Get Over A Breakup Make Him Want Ou Back plant is …
Cisco to assemble IPTV set-top box components in Tver Read More
Plug and Play Tech Center, a prominent Silicon Valley incubator, got operations underway in Russia last week with the selection of its first five Russian startups. The launch projects, selected by a panel of Plug and Play judges, included Toytemic, a Moscow startup offering a “natural, intuitive method for linking virtual reality to the tactile …
US incubator Plug and Play selects startups to launch operations in Russia Read More
Bidding has closed for the acquisition of Utel, the mobile wing of major fixed-line Ukrainian operator Ukrtelecom, Russian business daily Kommersant reported on Friday. The company’s market share amounts to just 2%, but it is the only Ukrainian mobile operator to hold a 3G UMTS license. The bidders are Russian operators VimpelCom and MTS, Turkcell subsidiary …
Russian national telecom operator Rostelecom has formally requested the approval of the Federal Financial Markets Service (FFMS) to list 25 percent of its preferred shares on the London Stock Exchange (LSE), the company announced on Monday. Rostelecom intends to float 60.707 million Class A preferred shares in London, or about 25 percent of its outstanding …
Rostelecom could hold SPO on London Stock Exchange before end 2011 Read More
Nginx, the open source web server publisher (pronounced “engine-x”), has just closed a $3 million round of financing from Russian early stage venture fund Runa Capital, US fund MDS Capital and US-German fund BV Capital-eVenture Capital. The funds raised will be used to “establish a commercial offering that creates new infrastructure solutions for Internet companies in a variety …
The Republic of Tartarstan has laid plans for the construction of an IT village providing housing and modern infrastructure, including golf and ski facilities, for up to 20,000 IT professionals near the capital of Kazan. The planned community is intended to house a total population of 50,000. The project – nicknamed “Tatarstan’s Skolkovo” by the Russian press, in reference to the innovation …
Tatarstan to invest $315 million in Skolkovo-style IT village Read More
NIS GLONASS General Manager Alexander Gurko announced at a press conference yesterday that his company could invest as much as $100 million dollars in acquisitions of Russian and foreign companies during this year and the next. These acquisitions will help develop new satellite-based navigation services for both the domestic and Indian consumer markets.
WPP, a prominent global advertising and marketing group, has agreed to acquire – through its subsidiary Ogilvy & Mather – a majority stake in Promo Interactive, a leading Moscow-based advertising agency with a strong Internet, mobile and multimedia focus, the Russian press reported last week.
VTB Capital yesterday announced it led a $5.5 million round of financing for aiHit, a London based provider of company data to the business information, market research and lead generation industries. Amadeus Capital Partners, the UK’s leading venture capital group, and several other existing investors, also took part in the deal.
