 |
|
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.
|
Russian Golden Telecom sees growth
Reuters
Feb 28, 2000
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.
Stewart Reich told Reuters price pressure would stunt growth in
international long distance and mobile markets in Kiev and far eastern
Vladivostok, but the smaller integrated voice and data business would
grow at the U.S.-controlled firm. The firm spent a war chest from its
initial public offering last year on building or buying components of
its Internet business, the firm's top strategic area.
"I would say you are still not going to see very strong revenue
growth in those parts of the business -- now you are talking
international voice. And then the integrated voice and data should be
very good,'' he said in an interview late on Tuesday.
"Now you put the two together and you are just getting
reasonable growth.''
Mobile phone holdings in southern central European Russia would be
strong due to low competition, though price wars would hurt other areas,
he said. ``Again you will see growth but there is a lot of pricing
pressure here... We were always predicting our bigger year in the year
2001.''
Golden Telecom, controlled by Global TeleSystems Group, showed a
fourth quarter proportional revenue rise of five percent to $34.4
million and proportional EBITDA up seven percent to $7.2 million.
Consolidated 1999 sales, which exclude international long distance
provider Sovintel, rose one percent in the last quarter to $25.4 million
and 14 percent for the year to $97.9 million.
GOAL IS TO BE NUMBER ONE INTERNET FIRM
The firm plans to become Russia's top Internet company, first as an
Internet service provider and expanding from there, though the net
provides only about 10 percent of current revenues, he said.
Shares jumped on its acquisition of high capacity lines from Moscow
to Stockholm that will connect to Global TeleSystems broad band in
Europe and the United States, as well as positive sentiment on its
buying Russian Internet service providers and the promise of Russian
stability under Acting President Vladimir Putin.
Reich said the firm's stock was inherently volatile, given limited
liquidity of about two million shares, around 10 percent of capital, and
the importance of sovereign risk in valuations.
Shares closed at $34-1/2 on Tuesday but have jumped between $8-1/4
and $43-3/16 since debuting at $12 on September 30, an initial offering
which left the company with about $140 million for around two years of
acquisitions, Reich said.
"If we purchase a portal, we purchase vertical portals, we get
into web hosting, we get into web design, I would imagine as those
announcements come out, they would have a positive impact on our stock.''
