Yota+Megafon Megafon and Scartel merge for LTE leadership

East-West Digital News 11 July 2012 Having received the green light from the Federal Antimonopoly Service (FAS) last month, Megafon, a leading Russian mobile operator, and Scartel, the WiMAX provider switching to LTE and operating under the Yota brand, are to become...

Mobile medicine startup ‘Life Button’ raises $1 million

East-West Digital News 9 July 2012 Knopka Zhizni (“Life Button”), a startup that has developed a mobile medical alert system for the elderly and the disabled, has raised “over 35 million rubles” (over $1 million) from Rintech.ru, a subsidiary of the diversified high...

Moscow Times publishes France-Russia investment supplement

Moscow Times July 2012 Companies from France make up a sizable part of Russia’s business fabric, and French firms’ strategies are covered in-depth in this supplement. What’s more, for the first time in our country supplement magazines, you can view...

EBRD to invest $30.5 million in Russian Internet broadband provider

East-West Digital News 5 July 2012 The European Bank of Reconstruction and Development announced yesterday its intention to invest up to $30.5 million in Trivon AG, an internet broadband provider operating in Russia under the Virgin Connect brand. The financing will...

MMK Cancels Flinder Bid, But Battles to Prove Its Legitimacy

Moscow Times 4 July 2012 Magnitogorsk Iron and Steel Works said Wednesday that it is committed to continue the court battle over the deal to acquire Australian iron ore miner Flinders Mines, although the steelmaker had to terminate the nearly $570 million bid earlier...