Telecoms news from Russia
Russian mobile network operator, MegaFon has reported a rise in both revenues and profits for its first-quarter, boosted by mobile data services which rose by 22.4% over the past year. ...more.
Russia's VimpelCom has reported its financial results, and announced that first-quarter revenues were essentially flat compared to a year ago thanks largely to regulatory cuts in Italy, although the net profit rose by 28 percent. ...more.
The Russian mobile network operator, MTS is aiming to generate at least 5 percent of its net profits from financial services by late 2017, the company's CEO, Andrei Dubovskov told an investor conference. ...more.
With unusual speed, Tele2 says that it has already completed the US$2.4 billion sale of its Russian subsidiary to the Russian financial group, VTB. ...more.
Tele2 has clarified some of the details about the agreement to sell its Russian subsidiary to the Russian financial group, VTB Group. ...more.
According to the Moscow-based consultancy J'son & Partners, the mobile game market in Russia will grow from $392 million in 2012 to an estimated $707 million in 2016. ...more.
Two Russian mobile networks, VimpelCom and MTS have announced that they are interested in launching a spoiler bid to buy Tele2's local network. ...more.
Sweden's Tele2 has announced a US42.4 billion deal to sell its Russian subsidiary to VTB Group - one of the country's leading financial groups. ...more.
Russia based VimpelCom has reported a modest rise in its fourth-quarter revenues and a sharp return to profits. The company posted revenues that were up by 1% at US$5.95 billion and profits of US$801 million, compared to a net loss of US$381 million a year ago. ...more.
Russia's MegaFon has announced that its fourth-quarter revenues rose by 9.3 percent to reach RUR71.5 billion (US$2.3 billion), while net profits were up by 28.3% to RUR12.4 billion (US$405 million). ...more.
In three of the high-growth BRIC (Brazil, Russia, India and China) markets, using multiple mobile devices is becoming the new norm. ...more.
Ericsson has won a 5-year managed services contract with Russia's VimpelCom, ...more.
VoIP based service, Skype is now supporting carrier billing for mobile networks in Russia, and will soon offer the service in the USA and Canada. Mach is providing the billing platform. ...more.
The Russian national railway has filed a lawsuit against Apple accusing the company of trademark infringement after it used the railway logo in one of its smartphone apps. ...more.
Japan's NEC has signed a multi-million, multi-year global framework contract to expand and upgrade Tele2's mobile access network in 10 countries across Europe. ...more.
Among Russia's "Big Three" mobile operators, MegaFon, Mobile TeleSystems (MTS) and VimpelCom, MTS has the strongest business profile, says Moody's Investors Service in a new CreditFocus report. ...more.
Moody's Investors Service has today confirmed the debt ratings of Russia's MegaFon at Baa3 with a negative outlook. This concludes the review for downgrade initiated by Moody's on 26 April 2012. ...more.
The Russian and Israeli telecoms regulators have signed an agreement on working towards lowering the cost of mobile roaming between the two countries. ...more.
Russia's MegaFon says that it completed a previously announced transaction to acquire an indirect 25% interest in Euroset, which owns the largest chain of mobile telecom retail outlets in Russia. ...more.
Was it a team-building exercise? Or was it a way to humiliate under-performing staff? Whatever it was, it has landed a former MTS director in hot water. ...more.