Report: Usmanov May Swap Part of MegaFon Stake for Yota

Apr 10, 2012 | News

Reuters via Moscow Times 10 April 2012 Russian billionaire Alisher Usmanov may trade a part of his stake in the country’s No.2 mobile phone operator MegaFon for control in next-generation telecoms provider Yota, business daily Vedomosti reported on Tuesday. The...

Russian DTH platform Orion Express looking for a strategic investor

Apr 10, 2012 | News, Russia

East-West Digital News 10 April 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...

i-Free halts funding to the start-up that created mobile app Girls Around Me

Apr 9, 2012 | News

East-West Digital News 5 April 2012 St. Petersburg – i-Free reports that its venture foundation subdivision i-Free Ventures has stopped funding Places Around Me, the start-up that created the mobile application Girls Around Me. i-Free decided to stop funding Places...

Russia reaches top 50 in Bloomberg ranking

Apr 6, 2012 | News

Russia Beyond the Headlines 6 April 2012 Bloomberg ranking targeting investors places Russia ahead of India and China, while a World Bank report still shows Russia in the slow lane. Yet experts are hesitant to rely on the accuracy of the Bloomberg data. Russia is...

Fast Lane Ventures to sell Shopping Live to Germany’s Home Shopping

Apr 6, 2012 | News

Marchmont News 6 April 2012 Fast Lane Ventures, a leading Russian developer of internet companies, has agreed to sell its stake in Shopping Live business to German based Group – Home Shopping Europe. The sale, for an undisclosed price, represents the second successful...

Telenor Raises VimpelCom Stake to 35.7%

Apr 6, 2012 | News

Bloomberg via The Moscow Times 5 April 2012 HELSINKI — Telenor increased its stake in Russia’s VimpelCom to 35.7 percent by buying shares on which it had a swap agreement. Telenor paid $715 million to acquire the 65 million depositary receipts from JPMorgan...