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Russia swerves to avoid default: What is next?Russia's $40 billion in international bonds and the chance of a default have become the focus of global financial markets since it was hit ...- Bribery probe accuses Gulnara Karimova, daughter of Uzbekistan's President in awarding telecom contractsThese days the 43-year-old former globetrotting socialite who once publicly praised God for “my face” is confined to her homeland.
- Ex-Sistema Shyam CEO Dmitry Shukov to head VimpelCom's mobile unit in UzbekistanDmitry Shukov, ex-chief executive of Sistema Shyam Teleservices, has assumed the reins of Amsterdam-based VimpelCom’s mobile unit in Uzbeki...
- WEF 2015: Billionaires like Denis O’Brien & Mario Polegato predict billion-dollar question; low rates & terrorism in 2015Billionaires at the WEF's annual meeting in Davos, Switzerland, are worried about global terrorism, oil prices and Putin’s stance on Ukrain...
- Russian companies face threat by sanctions imposed by US and European Unionnce many large Russian companies are controlled by the state or by billionaires with close ties to President Vladimir Putin, even narrowly ...
- Telenor posts strong 2010, upbeat on 2011Telenor said its organic growth, which excludes acquisitions, was six per cent in 2010 and would be "more than five per cent" this year.
- Orascom Telecom sell Tunisia stake in $1.2 billion dealEgypt's Orascom Telecom says it is selling its entire 50 percent stake in its Tunisian subsidiary to Qatar Telecom in a deal valued at $1.2...
- Telenor investors say 'Quit India' as venture's losses pile upNine months after its debut in India, Telenor has accumulated $556 mn in operating losses.
- Telenor reports 36 pct drop in Q1 profitNorway's Telenor ASA has reported a 36 per cent drop in first-quarter profits.
- BSNL in 2nd round to buy Zamtel; 3 global cos too in frayInching closer to its first ever global buyout, state-owned BSNL has entered the second round of bidding to acquire a majority stake in Zam...
- Koenigsegg backs out of plan to buy Saab from GMA Swedish specialty automaker has backed out of a deal to buy Saab from General Motors Co, casting serious doubt on the future of the troub...
- Millicom rejects BSNL bid, Bharti in frayLuxembourg-based Millicom has rejected a bid by BSNL to buyout its mobile network in Sri Lanka, leaving Bharti Airtel, the UAE's Etisalat a...
- GM seals deal to sell Saab to KoenigseggGeneral Motors Corp signed final deal to sell all shares in its unit Saab Automotive to Sweden's Koenigsegg Group AB.
- Bailout could turn tables on Russia's oligarchsThey amassed some of the world's biggest fortunes in the wild privatizations of Russia's post-Soviet chaos and the oil boom that followed. ...
- Russia's Alfa Bank asks $400 million from stateA bank belonging to one of Russia's biggest tycoons said today it is seeking $400 million in government loans to stave off foreign creditor...
- Russian telco Altimo's past to haunt India plansIn a development that could jeopardise Russian telco Altimo’s plans of entering India, the home ministry (MHA) has said the company is embr...
- China Mobile, Orascom opt out of race for MTNBoth China Mobile and Orascom were being touted as potential bidders who were likely to push up the acquisition price.
- China, Russia may rival Bharti bid for MTN: ReportBharti Airtel may face competition from companies from China and Russia in its bid to acquire MTN, the New York Times reported. Business Hu...
- Israeli startup to launch tiny phone that slips into gadgetsAn Israeli startup has convinced wireless carriers in three countries to try a new concept: a tiny cell phone that pops into interchangeabl...
- Bharti & Western Union sign deal to offer mobile money transferBharti Airtel has tied up with the world’s largest money transfer company Western Union for its mobile money transfer services.
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