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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
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'
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
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
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.
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.
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
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
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,
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