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Russia's Mail.ru enters JVs with China's Ant Group
Russia's Megafon Enters Uzbekistan With Telecoms JV
Russia's Megafon says Q1 net profit up 136.5% y/y
MegaFon PAO (MegaFon PJSC), formerly Megafon OAO, is a Russia-based telecommunications operator. The Company provides voice, mobile, and fixed-line data transfer, roaming and business solutions. In addition, it offers over 20 types of own-brand devices, such as handsets, modems, tablet personal computers, laptops netbooks and others. It owns a nationwide mobile communications network that operates on the dual band global system for mobile communications (GSM) 900/1800 standard. It has also launched into service for commercial use third generation network (3G), as well as 4G network. It has numerous subsidiaries, including Yevroset'-Retail OOO, Metrokom ZAO, Scartel LLC and GARS Holding Ltd, among others. The Company provides mobile services in Tajikistan, Abkhazia and South Ossetia.
Oruzheynyi Pereulok, D. 41
Evgeny Aleksandrovich Bystrykh
Chairman of the Board
Gevork Arutyunovich Vermishyan
General Director (CEO) - Chairman of the Management Board
Frederic Gilbert Vanoosthuyze
Member of the Management Board, Chief Technology and IT Officer (CTIO)
Member of the Management Board, Chief Commercial Officer
Valentina Igorevna Vatrak
Member of the Management Board, Corporate Development and Human Resources Director
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Megafon, Russia's second biggest mobile phone operator, has reached an out-of-court settlement with U.S. firm Hewlett Packard Enterprise Co <HPE.N> over system failures in its IT network, the firm told Reuters on Friday.
AliExpress Russia, an e-commerce venture between Chinese online shopping giant Alibaba and Russian partners, said it was aiming for annual turnover of $10 billion by 2022-2023, up from what analysts estimate is about $6 billion now.
Russia completed a series of tests on Monday checking that its internet services could function if the country were to get cut off from the worldwide web, Deputy Communications Minister Aleksei Sokolov said.
Russia will carry out tests on Monday on the reliability of its domestic internet infrastructure in the event that the country is disconnected from the worldwide web, the communications ministry said.
Sberbank <SBER.MM> has agreed to buy Gazprombank's <GZPRI.MM> holding stake in internet company Mail.ru <MAILRq.L> as Russia's largest lender continues its transformation under Chief Executive German Gref into a banking-to-online services company.
Russia's leading telecoms operators have asked the government to subsidize their purchases of equipment they need to comply with a new data storage law, a letter seen by Reuters showed.
Russia's largest lender Sberbank said on Tuesday it had signed a non-binding agreement with lender Gazprombank to buy a minority stake in joint venture MF Technologies.
Russian internet company Mail.Ru said on Wednesday it had agreed a joint venture with Alipay, the mobile payments arm of Alibaba Group, along with the Russian Direct Investment Fund (RDIF) and two other Russian partners.
Russian internet company Yandex's <YNDX.O> joint venture with Uber <UBER.N> has agreed to buy Russian taxi firm Vezet's core business, further cementing Yandex's role as a major online taxi operator in Russia and neighboring countries.
Megafon, Russia's second biggest mobile phone operator, is considering selling real estate and some other assets to reduce debt, the chief executive told Reuters.
Oleg Tinkov, the founder and key shareholder in Russia's TCS Group, said on Friday that if his bank were to merge assets with Russian Internet giant Yandex, the united company would be worth over $20 billion.
China's Alibaba and Russia's RDIF sovereign wealth fund will each invest $100 million in a Russian joint venture, RDIF said in a statement on Wednesday.
A joint venture deal between China's Alibaba, Russian sovereign fund RDIF, mobile phone operator Megafon and internet group Mail.ru will be closed on Wednesday, news agency RIA cited a source as saying on Tuesday.
Russian companies remain committed to planned stock market listings in 2019, sources and bankers say, despite the country's worst year for equity sales in a decade.
Russian authorities ordered two mobile operators to cut most access to mobile data services in the region of Ingushetia as protesters were massing outside government offices there, according to a document from the state telecoms regulator.
Megafon, Russia's No. 2 mobile phone operator, is suing Hewlett Packard Enterprise in a California court over major outages on its cellular network, court documents showed.
Megafon, Russia's No. 2 mobile phone operator, is suing Hewlett Packard Enterprise in a California court, over major outages on its cellular network, court documents show.
Russia's second-largest mobile phone operator, Megafon <MFON.MM>, said on Tuesday it could lend its subsidiary Megafon Finance up to 111.6 billion roubles ($1.69 billion) to fund a possible share buyback.
China's largest e-commerce firm, Alibaba Group Holding Ltd has joined forces with a state fund and two technology firms in Russia, hoping that access to their client base of more than 100 million people will boost its development.
A new joint venture between Chinese e-commerce firm Alibaba and Russian firms will use Russia's payment system, Kirill Dmitriev, the head of the Russian Direct Investment Fund (RDIF) said on Tuesday.
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