Internet

Richard Branson’s Virgin Connect buys Moscow region broadband triple-play operator

Finance, Internet, Internet access, IT infrastructure, M&A, Moscow, News, Regions & cities / By

Trivon AG, the Switzerland-based company which does business through its subsidiaries under the Virgin Connect brand in Russia, has acquired 75% of  Speedyline, a triple-play operator operating in the Moscow region. Trivon has also got the option for the further purchase of the remaining 25%. The deal was completed in December, but announced only last week. …

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Hot social media topics to be highlighted at Moscow conference and exhibition

330 Comments / E-Commerce, E-marketing & advertising, Events & contests, Internet, Moscow, Press releases, Regions & cities, Social networks & apps / By

Social media business will be highlighted in Moscow on March 12-14 at the Social Networking Congress & Expo (SNCE), a two-day conference and exhibition that gathers each year the representatives of the Russian social media community. The main topics of this year’s edition will be social media marketing, social business app development; social media monitoring …

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Yandex and CTC Media sink to record as Goldman says sell

60 Comments / Capital markets, Finance, Internet, News / By

Yandex NV (YNDX) sank to a record in New York after Goldman Sachs Group Inc. cut the stock to sell, forecasting a 31 percent drop in the Russian Internet company’s earnings this year as a weaker ruble dissuades advertisers from increasing spending. The shares slumped 8.7 percent in New York to $16.41, the lowest since the company’s U.S. …

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Elbrus Capital acquires minority stake in realty classifieds group Cian

187 Comments / Finance, Internet, M&A, News, Online classifieds, Venture / Private equity / By

Elbrus Capital, a major private equity business operating in Russia and neighboring countries, has acquired a minority stake in Cian Group, a major player on the Russian online realty classifieds market. The deal included both the sale of existing shares and a subscription for new shares. The amount of the investment and the size of the …

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Russian e-commerce leader Ulmart reports 50% sales increase in 2014, plans IPO in 2016

1,198 Comments / Capital markets, E-Commerce, Finance, International, Internet, News / By

Ulmart, Russia’s leading e-commerce company, confirmed today its plan to go public next year in a yet-to-be-determined Western stock exchange, the company’s chairman and co-owner Dmitry Kostygin told Russian business daily RBC. Ulmart is thus considering raising $1 billion or more in exchange for 25% of the company’s shares. Advisers for the IPO could be …

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Russia’s media watchdog slaps site with warning over religious cartoon

89 Comments / International, Internet, Legal, Legislation & regulation, News, Online media / By

Russia’s media watchdog has issued a warning to an online news site for publishing a religiously themed caricature that lampooned “one of the faiths,” despite an appeal to avoid such cartoons in the wake of the Charlie Hebdo attack. In line with Russia’s law on extremism, the caricature published by the Respublika news site was seen “to incite various sorts of enmity,” a spokesman for the Roskomnadzor media watchdog, Vadim Ampelonsky, …

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Supply Chain & Fulfilment 2015 Congress: Join Tesco, John Lewis, Travis Perkins, ShopDirect.com to discuss solutions

67 Comments / E-Commerce, Events & contests, Internet / By

With e-commerce sales in Europe estimated at over £130 billion in 2014, one of the biggest challenges this fast growing sector is facing is how to adapt their e-commerce and omni-channel supply chain and fulfilment operations to meet rapidly changing customer delivery expectations. To help with this, leading retailers including Tesco Group, John Lewis, Travis …

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Sergey Podkin of Boxberry on cross-border sales: “The volume of deliveries is falling, but this will not lead our market to catastrophe”

67 Comments / E-Commerce, International, Internet, People / By

Over the past few years Boxberry, a relatively new player on the Russian e-commerce shipment market, has been developing a competitive offer for deliveries and customs clearance from the USA and Europe to Russia. The company specializes in express cargo – sending packages worth up to 1,000 euros and weighing up to 31 kg. Part of …

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Rostelecom to acquire major data center and Internet infrastructure company

176 Comments / Finance, Internet, IT infrastructure, M&A, News / By

Rostelecom, Russia’s national telecom operator, announced yesterday the acquisition of a majority stake in SafeData (LLC Data Storage Centre), a leading operator of commercial data centers, traffic exchange services and content delivery. In a first stage, Rostelecom will acquire a 5.4% stake in LLC Data Storage Centre for 104.2 million rubles (approximately $1.6 million at …

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Yandex School of Data Analysis joins CERN experiment

322 Comments / International, Internet, News, R&D, Search engines & SEO / By

Earlier this week Yandex, the Russian search giant, announced that its School of Data Analysis (YSDA) will take part in CERN’s Large Hadron Collider beauty (LHCb) experiment. The project, which is one of four large particle detector experiments at the Large Hadron Collider, collects data to study the interactions of heavy particles, called b-hadrons. As a …

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