Paulo Santos • 12 Comments
John Zhang • 10 Comments
Tue, Sep. 20, 1:43 PM
- Mobile TeleSystems (MBT -0.7%) has acquired 100% of a regional asset of mobile operator SMARTS OJSC to shore up its presence and spectrum holdings.
- The acquisition, of SMARTS-Yoshkar-Ola, cost 41M rubles (about $632,000), including debt of 27.7M rubles, and is handled through MTS' wholly owned subsidiary Telecom Povolzhye. The SMARTS unit is active in the Republic of Mari El.
- The deal will not only build MTS presence in Mari El but add spectrum of 14.8 MHz in the 1800 MHz range, helping MTS further develop its LTE networks.
Jul. 17, 2015, 2:13 PM
Mar. 18, 2014, 12:40 PM
- Yandex (YNDX +7.5%) has acquired KitLocate, an Israeli developer of geolocation, location geo-fencing, and motion detection tech that can be used by mobile apps needing precise data about a user's position and movements. Terms are undisclosed.
- Yandex argues KitLocate's solution, which relies on statistical analysis, can improve battery life by lowering a phone's dependence on power-draining GPS/GLONASS receivers. The company plans to integrate KitLocate's offerings with its mobile apps/services, and sees localized search results and targeted ads as two potential applications.
- Yandex is headlining a buy-on-the-news rally among tech stocks with strong Russian/Ukranian exposure, as Vladimir Putin signs a treaty annexing Crimea to Russia. Other gainers: QIWI +7.1%. EPAM +4.9%. LXFT +4%. MBT +3.3%.
Apr. 2, 2013, 2:19 PM
Russian carriers Vimpelcom (VIP +3.3%) and MTS (MBT +0.6%) remain committed to bidding for buying rival Tele2 Russia, even though Tele2 Russia's parent company has effectively dismissed their $4B-$4.25B offer. Sweden-based Tele2 says it was aware of all options before agreeing to sell ts Russian ops to state bank VTB for $3.5B in a deal that gives it rights (for 12 months) to half of any profits VTB gets from a resale.| Apr. 2, 2013, 2:19 PM
Mar. 28, 2013, 1:56 PM
Russian mobile carriers VimpelCom (VIP +0.2%) and Mobile TeleSystems (MBT +0.3%) are prepared to offer $4B-$4.25B for rival Tele2 Russia, Bloomberg reports. Though Sweden-based Tele2 has already agreed to sell its Russian ops to local bank VTB for $2.4B + assumed debt, there have been reports of third-party interest. Billionaire Mikhail Fridman's Alfa Group might also join the fray.| Mar. 28, 2013, 1:56 PM