Companies

Telenor to appeal against $1.7 billion fine imposed by Russian court

Farimex alleged that Telenor's nominees on the VimpelCom (which operates under the Beeline trademark) board delayed VimpelCom's acquisition of Ukrainian Radio Systems. Norwegian mobile operator Telenor has said it will appeal the decision of the Eighth Arbitrazh Appellate Court in Omsk, Russia, holding Telenor liable for approximately $1.7 billion in damages.

The Omsk court has heard from the start the claim by Farimex Products, a British Virgin Islands company, against Telenor, in which Farimex alleged that Telenor's nominees on the VimpelCom board delayed VimpelCom's acquisition of Ukrainian mobile operator Ukrainian Radio Systems (URS).

IncoreMedia launches Music Recognition in Kazakhstan with K'cell

IncoreMedia reports about the beginning of active expansion of its presence into VAS market of CIS. Since the beginning of February 2009 Music Recognition service has been available for subscribers of Kazakhstan operator K'cell. Today the service is also available for subscribers of Beeline, MegaFon and NSS in Russia.

K'cell is the largest mobile operator in Kazakhstan working with GSM-900 standard. Operator services are available in almost all cities and communities of the country. The number of its subscribers exceeds 8 million people. In K'cell network Music Recognition service is priced 75 Kazakhstan Tenge ($0.5).

MTS acquires mobile phone retailer Telefon.Ru for $60 mln

MTS announces officially that it has acquired 100% shares of Narico Holdings Limited company (Ciprus), which is a 100% owner of CJSC Telefon.Ru, from Analog Holdings Limited and Delemont Investments Limited.

MTS paid about $60 mln, including $22.4 mln for stockholding. Also the deal covers payoff to shop-assistants in amount of $25 mln within 12-18 months on conditions that the activity of Telefon.Ru company corresponds with the agreement requirements.

Spb Software Wins in Sony Ericsson Content Awards

Spb Software, Windows Mobile applications maker is named winner in Sony Ericsson Content Awards. Spb Traveler, an application which helps to keep track of travel arrangements, meetings, time zones, exchange rates, and even clothing sizes at virtually any spot on the planet wins in the XperiaTM Panels category. Unique to Spb Traveler is the 3D globe which animates trips with sleek animation and offers a Geo Game for a fun way to test ones geographical knowledge and kill time on the go.

Vimpelcom to issue ruble bonds in the amount of 30 billion RUR ($ 830 000)

VimpelCom (which operates under the Beeline trademark) on 10th of February announced that it intends to submit to the Russian Federal Financial Markets Service documentation required for the potential issuance of Russian ruble-denominated bonds through LLC VimpelCom-Invest, a consolidated Russian subsidiary of VimpelCom. The bonds may be issued depending on VimpelCom's funding needs within a period of one year from the date on which the Russian Federal Financial Markets Service registers the submitted documentation.

MegaFon chosen as official mobile operator of Winter Olympic Games 2014

MegaFon has reported that it has got the status of official mobile operator of Winter Olympic Games 2014. The status was given to MegaFon as the winner of competition in choosing the general partner of the event in telecommunications category. The competition was carried out by the organizing committee Sochi-2014.

Vimpelcom board of directors recommends against dividend

VimpelCom (which operates under the Beeline trademark), one of three largest Russian mobile operators, today announced that the board of directors of the company has decided unanimously to recommend to the annual general shareholders meeting that the company not pay dividends on its common stock based on 2008 results.

Roman Maksimov has been Appointed Regional Managing Director of TELE2 Kaliningrad

TELE2 Russia a Russian division of the European Telecom Holding, has announced the appointment of Roman Maksimov as the Regional Managing Director of TELE2 Kaliningrad. He will be responsible for the strategic and operational management of the Kaliningrad office, network roll-out in compliance with Tele2's standards, preparations for and commercial launch of the TELE2-branded network in Kaliningrad, its further development

Playfon enters Armenian mobile VAS market

Russian content- and service-provider Playfon has announced that it has entered mobile VAS market of Armenia. In Armenia Playfon introduces a collection of mobile games from the leading developers in the world, the largest catalogue of Russian and foreign music, as well as video clips, pictures and mobile dating service.

From now on a vast collection of multimedia content from Playfon is available for all subscribers of the two leading Armenian mobile operators - Vivacell-MTS and Armentel. Total subscriber base of these operators is more than 2.5 million users, that is 80 percent of the country's population.

i-Free partners with Russian Automotive Partnership

i-Free has become partner of the Russian Automotive Partnership (RAP). i-Free will support an SMS-based information service for RAP clients.

The newest mobile marketing partner for i-Free is the Russian Automotive Partnership (RAP), the first nationwide support network for motorists, covering 17 major cities in Russia. RAP provides technical, informational and legal "first aid" services for motorists, e.g. technical assistance, car towage, average adjusting, guidance, legal counseling, and others.

Back to top