Navigation: News Archive

Subscribe our news Mail us for questions Top Internet Search Engine Bought by Upstart Holding Ignoring recent global losses in high-tech stocks, newly-born RuNet Holdings Ltd. grabbed a third of the RuNet market by acquiring yandex.ru and the Yandex trademark on Thursday. Ru-Net hoping Ozon.ru becomes Russia’s Amazon Ru-Net Holdings Ltd., the newly founded, partly Western consortium, has made its first move by acquiring a 51 percent stake in St. Petersburg online bookseller Ozon for $1.8 million. Apr 05, 2000 Russian Phone Firm Rostelecom Likely to Rise More on Internet Demand OAO Rostelecom shares have more than doubled in three months and are set to rise further on optimism growing demand for Internet services will boost the Russian long-distance phone service's profits, investors said. Baring-UFG $20 mln fund targets Russian Internet Baring Vostok Capital Partners and Russia's United Financial Group have opened a $20.5 million Russian Internet direct equity fund and bought a $3 million stake in an on-line book seller, the firms said on Friday. Russian Golden Telecom sees growth Russian telecommunications and Internet firm Golden Telecom will see steady revenues in core telephony groups and rising sales in the integrated voice and data arena, the company's president said. Feb 25, 2000 Bradley Cook got new job Bradley Cook, former Editor-in-Chief of The St. Petersburg Times in St. Petersburg, Russia, has joined the editorial team of NewsMax.com as editor of NewsMaxUK.com. Feb 24, 2000 Telia is breaking on Russian market By way of a share acquisition Telia has entered as industrial partner in First National Holding/Telecominvest - one of the three most important telecom and IT-groups in Russia. The transaction is valued at 700 million SEK. Feb 23, 2000 Golden Telecom Introduces Enhanced Internet Services The new tariff plans provide a complete package of Internet services for the dial-up access market. Monthly pre-paid packages, including 20 or 50 hours online Feb 22, 2000 No Windows 2000, No Cryptography The Federal Agency of Government Communication and Information (FAPSI) is not going to prevent the sales of Windows 2000 in Russia. Feb 21, 2000 Comcor, Andersen Group found joint venture Moscow Telecommunications Corporation (Comcor) and Andersen Group have announced that they have created a joined venture called Comcor-TV.

Comcor, Andersen Group found joint venture

Feb 21, 2000

cbr

Moscow Telecommunications Corporation (Comcor) and Andersen Group have announced that they have created a joined venture called Comcor-TV. The new company will specialize in construction and maintenance of hybrid fiber optic and coaxial networks for cable TV and Internet access in Moscow. As a subsidiary of Comcor, Comcor-TV was created in 1997, having built cable networks in the Moscow districts Khamovniky and Chertanovo, as well as in Zelenograd. The whole project calls for the interconnection of 1.5 million apartments in Moscow and is valued at $350 million. Under the terms of the contract with Andersen Group, the Russian company invested in the joint venture $33 million in the form of already-built infrastructure, while the American partner provided another $33 million from its own money and a group of investors. As a result, Comcor owns 50 percent plus one share of Comcor-TV. Further plans call for Andersen Group to help the joint venture to get a $100 million loan. Part of this loan is to be provided by equipment suppliers some of which – Harmonic, Antec, Cisco Systems, ADC Telecommunications - have already signed respective agreements. Another $150 million are to be derived from the provision of Comcor-TV services and reinvested in further network development. The partners expect return on investments in 22 months, planning to finish the project in 2005. The full service package – including 17 Russian TV channels, more than 20 foreign TV channels, and high-speed Internet access - will become available in Chertanovo and Khamovniky next month. The tariffs will be about $2 a month for the Russian TV, $12 a month for the foreign TV, and about $30 a month for Internet access. Hookup fees will be as follows: TV - $10 to connect plus $100 to purchase or $5 a month to lease a decoder; Internet - $10-$50 to connect plus $250 to purchase or $8 a month to lease a cable modem.