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    Russian Internet-related services and products

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    Austin

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    Different Russia

    Post  Austin on Sun Jun 04, 2017 11:25 am

    Found this channel interesting enough on youtube for me to share on this thread , it shows the daily life of Russian people and different aspects.

    If you like her channel do vote for her

    Different Russia
    https://www.youtube.com/channel/UCFFG4euAS7ZoAUYJFQETouA
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    GunshipDemocracy

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    Gazprombank and Rostech become co-owners of Mail.ru Group

    Post  GunshipDemocracy on Wed May 09, 2018 9:29 am

    Gazprombank and Rostech become co-owners of Mail.ru Group

    Megafon will receive $ 247.5 million for shares of Mail.ru Group within the framework of creation of a joint venture with partners

    ©️ Valery Sharifulin / TASS
    MOSCOW, May 8. / TASS /. Operator Megafon creates a joint venture for the development of digital services and projects in the digital economy with Gazprombank, Rostekh and its controlling shareholder USM Holdings Alisher Usmanov.

    The operator said that it transfers to the joint venture 11.5 million shares of Mail.ru Group class A worth $ 450 million. The package represents 5.23% of the economic stake in the company, or 58.87% of the vote. Now Megafon owns 15.2% of the economic share of Mail.ru Group, or 63.8% of voting shares.

    In return, Megafon will receive $ 247.5 million before taxes - these funds will help reduce the operator's debt burden. As of the end of 2017, MegaFon's net debt in the telecom segment was 234.5 billion rubles.

    The price of the transaction assumes a premium to the market price of Mail.ru Group securities as of May 4, 2018 at a rate of 29% - these terms are more favorable than in the framework of the deal to purchase a stake in Mail.ru Group in February 2017 by Megafon.

    How and when will it be
    The joint venture will be established on the basis of MF Technology JSC (ITF). Now this structure belongs to the 100% subsidiary of Megafon Lefbord Investment Limited.

    "As part of the deal, Gazprombank will acquire a 35% stake in Leftbord from the ITF, USM - 9%, and Rostek - 11%." As a result of the transaction, Lefbord still has a 45% stake in the deal, which was valued at $ 450 million. " - said in the statement of the operator.

    After the deal is closed, MegaFon owns 21.94 million common shares, which account for 10% of Mail.ru Group's economic share. "At present, Megafon does not plan to sell this stake," the operator said.

    Executive director of "Megafon" Gevorg Vermishyan told TASS that the company plans to close the deal in May. "We received a decision of the board of directors of Megafon yesterday, and in May we plan to close the deal," he said.

    The profit of 12 billion rubles
    According to Vermishyan, "Megafon" estimates the cash profit from investments in Mail.ru Group of 12 billion rubles. "The total package of 58.87% of the voting shares of Mail.ru Group is estimated at $ 450 million. For us, this corresponds to a cash investment profit of about 12 billion rubles," he said.

    The valuation of the $ 450mn package corresponds to approximately $ 39 per share, while Megafon bought Mail.ru Group shares at $ 22 per share, Vermishyan explained. "The difference between the price of today's valuation and the price of our entry - this is the money profit," he added. For 63.8% of the voting shares of Mail.ru Group, Megafon paid $ 740 million.

    USM Holdings manages the assets of entrepreneur Alisher Usmanov. At the moment, the group is the main shareholder of Megafon and controls 56.32% of the operator's shares. Shares Mail.ru Group last year, "Megafon" bought from the structures of Usmanov.

    Big plans
    The joint venture will unite the expertise of the leaders of telecommunications, IT business, financial services and high-tech industries - to enter new markets and create industrial solutions, the report said.

    Together with partners, Megafon plans to implement a number of projects, among them the creation of software products aimed at digitizing the work of large companies and developing solutions based on the blockbuster.

    Rostekh, who is one of the key participants in the direction "Formation of research competencies and technological reserves" of the program "Digital Economy", will use its experience in the field of development and implementation of digital technologies, Tass learned from the press service of the state corporation.

    "The most important project, already underway, is the creation of a digital financial platform on the basis of which the parties will develop high-tech services: payment, credit and other digital products." For this purpose, Megafon, Mail.ru Group, USM and Gazprombank plan to create a company Digital JV (DJV), "the report said.

    The plans are also to form a joint investment fund for investments in promising technology companies.


    Since the acquisition of the stake in the Mail.ru Group in February 2017, the operator has sought to extract synergies from this partnership, said the executive director of Megafon. "We did something very well, something did not work out - for example, we decided to close a project like VK Mobile, but now we see that synergies at the interface of industries in a broader range of participants can bring significantly more serious benefits and growth of shareholder value, "Vermishyan said.

    "Megafon" "seeks to play a leading role in the digital economy of Russia," Megafon reported referring to the company's CEO Sergei Soldatenkov. "Today, the efforts of the leaders of telecommunication, high-tech and financial markets are united all over the world to create new digital products and services, in this connection we join forces with the leading Russian players of these markets to build a digital bank and more active work in the corporate segment," he said. he.

    Soldatenkov believes that the partnership will allow Megafon to participate in more projects and ensure the operator's exit into the new growing digital economy markets.

    The goal of the partners is to create a unique platform that will not only generate new products, but an entire ecosystem based on fundamentally new digital financial instruments, USM reported referring to the head of USM Management, Ivan Streshinsky. The parties have experience of successful cooperation and a common view on the future of the digital industry, he said.


    Подробнее на ТАСС:
    http://tass.ru/ekonomika/5183514
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    George1

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    Re: Russian Internet-related services and products

    Post  George1 on Fri Sep 07, 2018 12:59 am

    Why is Internet service in Russia so cheap?

    Did you know that Russia has some of the lowest prices in the world for Internet service? The average monthly price for a broadband connection is $9.93. Meanwhile, users in North America and Europe often pay triple or even quadruple that amount.
    While prices in Moscow are definitely not the lowest in the world, and the cost of dinner in a trendy restaurant is twice that in Mexico City, the cost of Internet service in the Rusisan capital is surprisingly reliable and affordable. The quality is excellent even in regional centers such as Chelyabinsk, a city in the Urals, as well as in most Siberian cities.

    Perhaps that’s why Russian hackers are so good? After all, they have very fast and cheap Internet connections. Here’s a list of major factors that impact the price of Internet service in Russia.



    https://www.rbth.com/science-and-tech/328998-why-internet-cheap-in-russia

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    Re: Russian Internet-related services and products

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