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• Mobile TeleSystems Swings To Net Loss In 1Q

  Created: Wednesday, 27 May 2009 22:28 Author: Yuron

  TheStreet.com  (May 26, 2009). On May 22, 2009, Mobile TeleSystems(MBT Quote) reported a net loss in its Q1 FY09 earnings, hurt by translation losses that affected the company's dollar denominated results. Net loss stood at $57.72 million or $0.00 per sh...

• MTS seeks watchdog approval to buy Comstar

  Created: Friday, 22 May 2009 19:38 Author: Yuron

  MOSCOW, May 22 (Reuters) - MTS, Russia's top mobile phone operator, said on Friday it had applied for anti-monopoly office approval to buy up to 100 percent of fixed-line provider Comstar. MTS said in a statement it had yet to make a final decision on th...

• PMs agree line in telecoms dispute

  Created: Wednesday, 20 May 2009 20:01 Author: Yuron

  The Financial Times (May 20, 2009). Telenor, the Norwegian telecom, and Alfa Group of Russia should resolve their shareholder disputes by legal means, the prime ministers of both countries agreed on Tuesday.Alfa, owned by oligarch Mikhael Friedman, and Te...

• North-West Telecom could slash preferred share dividends 68% for 2008

  Created: Friday, 15 May 2009 20:08 Author: Yuron

  ST. PETERSBURG. May 15 (Interfax) - The board of directors at Russia's North-West Telecom (NWT) has recommended that shareholders vote to approve dividend payments of 0.617 rubles per common share for 2008 and 1.282 rubles for preferred sh...

• Review ByCell clearance: Home min

  Created: Wednesday, 13 May 2009 22:44 Author: Yuron

  NEW DELHI, 13 May 2009. The home ministry has asked Foreign Investment Promotion Board (FIPB) to review the clearance it had given to Swiss-registered telecom company ByCell to invest over Rs 2,500 crore in India. Citing security concerns, the home minist...

• Vimpel Posts Loss as Acquisition Turns Sour

  Created: Wednesday, 13 May 2009 22:41 Author: Administrator

  NEW YORK, May 13, 2009. Vimpel Communications, the Russian telecom, did its best to dress up a dispiriting fourth-quarter earnings report Wednesday. Trumpeting revenue growth of 27%, which included added business brought on by the acquisition of a Ukrain...

• Russia wants bigger state role in telecoms sector

  Created: Tuesday, 12 May 2009 21:22 Author: Yuron

  MOSCOW, May 12 (Reuters) - The government wants to play a bigger role in the telecoms sector by reforming telecoms giant Svyazinvest in a way that will allow it to expand aggressively in Russia and abroad, senior officials said on Tuesday. "The importance...

• Sistema Gains on Possible Sale of Comstar Stake

  Created: Monday, 04 May 2009 20:19 Author: Yuron

  May 4 (Bloomberg) -- AFK Sistema, billionaire Vladimir Yevtushenkov’s holding company, gained the most in five months in Moscow trading after saying it may sell its stake in OAO Comstar United Telesystems to OAO Mobile TeleSystems. Sistema jumped 16 pe...