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Latest Telecoms News from Russia
Yota reaches operational breakeven point
This benchmark has been reached by Yota in less than 5 month after the start of the commercial operation of Mobile WiMAX network in Moscow and St Petersburg....
Related Tags: yota, wimax, moscow, st-petersburg
Enforta to Add 25 Cities to Its Russian WiMAX Network in 2010
Russian WiMAX network operator, Enforta has announced plans to expand its network to cover an additional 25 cities during 2010, increasing the company's overall service 'footprint' to 93 cities....
Related Tags: enforta, wimax, broadband
Sistema Closes Transaction With MTS To Sell Stake In Comstar-UTS
Russia's Sistema Group says that it has completed the sale of a 50.91% stake in Comstar-UTS to MTS for RUB 39.15 billion (approximately US$1.32 billion)....
Related Tags: sistema, mts, comstar-uts
Internet boosts economic growth and social welfare
A new study demonstrates that increased adoption of Internet can accelerate business productivity, thereby generating income, jobs and government revenues in emerging economies....
Related Tags: telenor, play, three
Telenor and Altimo Settle Dispute - to Merge Ukrainian Assets
Telenor and Russia's Altimo have found a route out of their persistent battles over their Russian and Ukrainian assets and have announced plans to common assets in VimpelCom and Kyivstar to create a single company....
Related Tags: telenor, altimo, astilit, kyvistar, three
Nokia Siemens Networks Wins 60% of Russian 3G Tender
Russia's MegaFon has announced the outcome of a 3G network tender, with Nokia Siemens Networks supplying at least 60% of 3G Node -B Base Stations....
Related Tags: megafon, alcatel-lucent, ericsson, -nokia-siemens, huawei, zte, base, nokia-siemens, opex
MegaFon Sees 11% Drop in Q2 Profits on Currency Losses
Russia's smallest of the big three dominant operators, MegaFon has reported a 10.8% drop in second quarter profits, which it put down mainly to currency changes...
Court Issues Arrest Warrant for Former Russian Phone Retailer
A UK court has reportedly issued an arrest warrant for Russian fugitive, Yevgeny Chichvarkin, who fled the country following allegations of kidnap and extortion at his former mobile phone retailer, Evroset (Euroset)....
Related Tags: euroset, yevgeny-chichvarkin, evroset
VimpelCom Raises $316 Million Loan
Russia's VimpelCom has announced that it has signed a credit line agreement with Sberbank in the amount of RUR 10 billion (US$316 million)....
Related Tags: vimpelcom, sberbank
VimpelCom Returns to Profit after Loss in Q1
Russia's VimpelCom has reported that its second-quarter revenues rose by 11.9% to RUB 69 billion from RUB 61.7 billion a year ago. Net profit was RUB 22.6 billion, compared to RUB 11.1 billion a year ago - and a RUB 8.5 billion loss in 1Q09....
Related Tags: vimpelcom, broadband