VEB to Set Up “Fund of Funds” to Aid Small Businesses
The Moscow Times State-owned Vnesheconombank (VEB) is planning to create a “fund of funds” to invest in small- and mid-sized Russian businesses, as part of the government’s plan to boost economic growth, VEB deputy CEO Alexander Ivanov said. VEB will...
Moody’s: Acquisition of Scartel/Yota is credit neutral for MegaFon
Moody’s London, 13 August 2013 — Moody’s Investors Service has today said that it views as credit neutral for MegaFon OJSC (Baa3 negative) the company’s potential acquisition of Scartel/Yota, which is the owner of 2×30 megahertz (MHz)...
Megafon Strikes $1.2Bln Deal to Take Over Wireless
Moscow Times Mobile phone operator Megafon has decided to buy a high-speed Internet provider for $1.2 billion in a bid to cement its lead in the expanding wireless services segment. Control in both companies belongs to Russia’s richest businessman, Alisher...
Travel Website Buys U.S. Hotel Booking Site
The U.S. hotel-booking website DealAngel has been purchased by the Russian travel site OneTwoTrip, the technology news website VentureBeat reported this week.