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International interest in Russia's booming internet commerce market has been underlined by a $100 million investment into internet store Ozon.ru. With the Russian computer market heating up as major global players focus on its rapid growth, Business
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From April, 1 Sibirtelecom, Southern Telecommunications, Northwest Telecom, Volgatelecom, Uralsvyazinform, CenterTelecom, Dalsvyaz and Dagsvyazinform are officially merged into Rostelecom...Rostelecom says despite Local Telecom services, its company'
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The consolidation process has seen ordinary and preferred shares in the eight companies converted into ordinary Rostelecom shares along with bonds. Alexander Provotorov, president Rostelecom , hailed the consolidation saying that it paves the way
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Q revenues increased 3% year on year to 17.2 billion roubles. Rostelecom says Revenues from traditional voice domestic and international long-distance declined 13.5% year on year mainly in line with ongoing change in customer patterns regarding the
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Dalsvyaz is one of seven inter-regional Svyazinvest companiesthat will cease to exist independently as of April 1, when they are joined to the state telecommunications holding's main subsidiary, Rostelecom.
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President Dmitry Medvedevs university classmate Vadim Semyonov, whom the Communications and Press Ministry has nominated to become CEO of Svyazinvest, has dual citizenship, which could complicate a job that requires Russian security clearance.
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Acquisition activity in the Gulf Cooperation Council (GCC) region remains depressed despite the fact that some sizable transactions have been concluded in 2010, according to Fitch Ratings. In a report on Monday, Fitch said the prospects for sustained
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MegaFon, the countrys third-largest mobile phone operator, may carry out one or two more acquisitions this year, possibly expanding again in the wireless business after it bought a fixed-line provider, CEO Sergei Soldatenkov said in an interview. We
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Intourist, the travel unit of billionaire Vladimir Yevtushenkovs Sistema holding company, is considering a venture with tour operator Thomas Cook Group, Sistema chief executive Leonid Melamed said Tuesday. A partnership with London-based Thomas Cook,
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the giant Russian operator of fixed-line telephony, has begun the process of acquiring a stake of 25% plus one share in its controlling stockholder, business daily Vedomosti reports Thursday...Svyazinvest, a giant holding company for many national
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