Russian mobile services provider MegaFon and Sberbank have concluded a contract to launch a $592m credit line that expires in 2024 to finance a stake take over in Mail.ru Group. The money will enable the takeover of 15.2% of shares in the authorized capital of Mail.ru Group (63.8% of voting […]
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Representatives of the European Parliament and EU member states reached an agreement on wholesale rates for operators in international calls settlements. This means that, in accordance with the plans, since mid-June 2017 in the European Union there will disappear roaming charges. Negotiations on the maximum rates in settlements between operators […]
IT companies operating on the Russian market have started to pay VAT on the sale of electronic services in the Federation since 1st of January 2017. The rate is 18%. The relevant law, called in Russia “Google tax” was signed by Vladimir Putin at the beginning of July 2016. The […]
Social Point, smartphone games developer from Barcelona, has been taken-over by Take-Two for $250 million. The transaction is a split of cash ($175 million) and shares ($75 million) with further earn-outs of up to $25.9 million. Deal is expected to be instantly create growth to net income per share, excluding […]
Bitcoin payments startup BitPesa has collected $2.5m in a new Series A funding round with perspectives to broaden its services further across West and Southern Africa, and also in the UK and Europe. The Series A round was carried by prominent US-based industry investor Draper VC, with participation from existing […]