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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.
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Golden Telecom Introduces
Enhanced Internet Services
Feb 23, 2000
Golden Telecom, Inc. (GTI) (Nasdaq: GLDN), a leading facilities-based
provider of integrated telecommunications and Internet services throughout
Russia and other countries of the Commonwealth of Independent States (CIS),
today announced the introduction of new and enhanced Internet access services as
part of its Russia-On-Line brand.
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, are now available from
Russia-On-Line at the equivalent of US$10 and US$20 at the Central Bank of
Russia's exchange rate plus 3 percent. In addition, an hourly package for a
charge of US$0.60 per-hour (at the same exchange rate) is available for users
not expecting to use the amount of hours offered in the other packages.
"Most importantly," said Stan Abbeloos, chief operating officer of
GTI, "We have added a full range of quality specifications to our 'on-net'
services that will allow us to provide high-quality levels of service to our
customers. This was designed into the new products as part of our commitment to
bringing the Internet to Russia."
Cliff Gauntlett, director of
Golden Telecom's Internet services division, said: "Our new tariff schemes
will make the Internet more available than ever to the Russian consumer. We are
issuing a product offering that is not only based on the high quality level of
service that Russia-On-Line has come to represent, but is also very affordable."
About Russia-On-Line (www.online.ru)
Through Russia-On-Line, which is celebrating its fifth anniversary of dial-up
WWW services in Russia this year, GTI provides Internet access in almost 50
cities throughout Russia and the CIS, including Moscow and St. Petersburg. It
provides a full range of dial-up services as well as other Internet-related
services like Web hosting, co-location and domain-name registration for the
"ru" domain. In addition, its customers can utilize ISP services in
over 150 countries around the world via roaming agreements.
About Golden Telecom (www.goldentelecom.ru)
GTI is a leading facilities-based provider of integrated telecommunications
and Internet services to businesses and consumers and telecommunications
operators in Moscow, Kiev, St. Petersburg and other major population centers
throughout Russia and other countries of the CIS. GTI offers CLEC services using
its local access overlay networks in Moscow, Kiev and St. Petersburg; data and
long-distance services using a fiber optic and satellite-based network,
including more than 100 combined network access points in Russia and other
countries of the CIS; and mobile services using cellular networks in Kiev,
Vladivostok and other population centers throughout Russia. Global TeleSystems (GTS)
owns 66 percent of GTI's outstanding shares.
Statements made in this press release, including the growth of the Internet
and the number of tariff plans are forward looking and are made pursuant to the
safe harbor provisions of the Securities Litigation Reform Act of 1995. It is
important to note that such statements involve risks and uncertainties which may
cause results to differ materially from those set forth in these statements.
Such risks and uncertainties include, but are not limited to, instability of the
Russian economy and new competitors that may limit growth opportunities for
Russia-on-line. Additional information concerning factors that could cause
results to differ materially from those in the forward looking statements are
contained in the Company's filings with the U.S. Securities and Exchange
Commission, including, but not limited to, the Company's reports on Form 10-Q
for the quarter ended September 30, 1999, and the Company's prospectus dated
September 30, 1999, included in the Registration Statement No. 333-82791 on Form
S-1. Additional information may also be contained in the filings with the U.S.
Security and Exchange Commissions submitted by Global TeleSystems Group, Inc.,
("GTS") the majority shareholder in the Company, including, but not
limited to, GTS' reports on Form 10-Q for the quarters ended March 31, 1999,
June 30, 1999, and September 30, 1999.
