Megafon (MFON.MM) (MFONq.L), Russia’s second-biggest mobile phone operator, is to buy next-generation service provider Scartel for $1.2 billion to extend its lead in the race to provide high-speed internet. The deal unites assets belonging to Russia’s richest man Alisher Usmanov, and boosts Megafon’s position against rivals MTS (MBT.N) and Vimpelcom […]
Tag: Russia
US, China, Russia Ranks Top 3 Global Energy Subsidizers
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The United States (US), China and Russia are ranked as the top three Global Energy subsidizers. This is contained in a Subsidy paper titled “Energy Subsidy Reform: Lessons and Implications†by the International Monetary Fund (IMF) and made available to InvestAdvocate. The paper said in […]
Global economic recovery slowing down again–Survey
A survey by finance professionals has revealed that the global economic recovery has slowed down again in early 2012, adding that there are fears that governments, which are already living beyond their means, may struggle to get it back on track through extra public spending. A Global Economic Conditions Survey […]
