Scartel to focus on Russia, attempts to sell Belorussian subsidiary

April 20, 2012

RBC Daily reported earlier this week that Scartel, the leading Russian WiMAX operator operating under the Yota brand, is considering selling its Belorussian subsidiary, Yota Bel, just a few months after starting operations in this country of almost 10 million inhabitants. Such a move would confirm Scartel’s intention to focus more on Russia  rather than …

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70 Russian regions connected to federal e-government system

April 19, 2012

National telecom operator Rostelecom – 53.2% owned by the federal government – announced last week that 70 out of 83 Russian regions are now linked to its interdepartmental government communications system. The buildout of the system marks a major milestone in this country’s progress towards e-government, a comprehensive IT-enabled cloud-based platform offered to the regions …

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Milner takes part in Path’s $30 million investment round

April 18, 2012

Yuri Milner, co-founder of the prominent Russian Internet fund DST, is among the investors in Path, the much-hyped ‘mobile-centric social network’ launched in 2010. The investment round, which amounts to at least $30 million, was led by venture firm Redpoint Ventures, CNet reported on Monday, with entrepreneurs Richard Branson, Mark Pincus and Jerry Murdock, as …

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Yandex e-currency teams up with MasterCard to issue new payment card

April 18, 2012

The Russian search giant Yandex yesterday announced a new step toward integrating its electronic currency, Yandex.Dengi – which translates as Yandex.Money – with bank systems. Users of this virtual currency can now obtain a MasterCard debit card tied to their Yandex.Dengi account and make payments using funds from Yandex.Dengi. The co-branded card can be used …

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Rusnano and Bright Capital invest in US next gen Wi-Fi chipset provider

April 17, 2012

Quantenna Communications, a leading player in ultra-reliable Wi-Fi video networking for whole-home entertainment, announced today that it has closed a $79 million funding round led by new lead investor Rusnano, the Russian nanotechnology giant, with participation by a second new investor, Bright Capital, a major Russian fund. All existing major investors, Sequoia Capital, DAG Ventures, …

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MallStreet.ru funded by Kima Ventures, Amber Venture Partners and Fabrice Grinda

April 16, 2012

Mallstreet.ru, a Russian online retailer founded in 2009, secured an undisclosed  investment from West European early-stage venture funds. The operation took place in the summer of last year, but was disclosed by industry blogger Yakov Sadchikov only last week. Among the investors are Kima Ventures, founded by prominent French tech entrepreneurs Jérémie Berrebi and Xavier Niel, …

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German inspired Lokata.ru helps Russian consumers search online and buy offline

April 13, 2012

Fast Lane Ventures has partnered with Bonial International Group, a German company specializing in location-based shopping information services, to launch Lokata.ru, one of the first services of this kind in Russia. Lokata is an online and mobile service providing shoppers with the information needed to make smart shopping decisions prior to them even entering the …

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Online luxury discussed in Moscow – with a French touch

April 12, 2012

Last week, La Conférence Luxe & Digital gathered 40 speakers, 50 journalists, and over 300 industry representatives who shared their experience and views on today’s digital trends in the luxury and fashion industry. This international event, which held its first and second editions in Paris in 2010 and 2011, took place this time in Moscow. …

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Biglion buys major Belorussian daily deal site

April 11, 2012

Just two months after it began serving Kazakhstan, Biglion, the leading Russian daily deal site, has acquired Bongo.by, a Belorussian analog. The transaction was announced yesterday by Biglion’s Development Director Oleg Savtsov in an exchange with Russian business daily Kommersant. Savtsov did not disclose the amount of the deal, but Kommersant reported that Bongo.by is …

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GLONASS mandated for Russian civil aviation by 2018

March 2, 2017

Rossiiskaya Gazeta, the official print media organ for the Russian government, has published a decision by the Russian Ministry of Transport last week to make GLONASS or GLONASS+GPS satellite navigation equipment standard for most civil airplanes and helicopters in Russia. The measure is intended to boost safety and improve air traffic control, the ministry stated. …

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Russian DTH platform Orion Express looking for a strategic investor

April 10, 2012

Vedomosti reports that Orion Express has approached MTS, VimpelCom and Megafon and that Fund Service Bank-backed STK Soyuz, a 50% shareholder in the platform, has held talks with all three. However, according to Yuri Khitrov, the owner of the remaining 50%, no firm offers have yet been received.

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